Protean eGov Technologies Limited has informed the Exchange regarding Appointment of Mr. Nandkumar Saravade as Non- Executive Independent Director of the company w.e.f. Jun 01, 2026.
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Protean eGov Technologies reported strong FY2026 results with standalone revenue growing 18.4% to Rs. 996.43 crore and consolidated revenue of Rs. 997.75 crore. Profit after tax stood at Rs. 94.32 crore (standalone) and Rs. 100.59 crore (consolidated), with EPS of Rs. 23.24. The Board recommended a 100% dividend of Rs. 10 per share. Two key appointments were approved: Mr. Ajay Rajan (from YES Bank) as Managing Director & CEO effective June 1, 2026, and Mr. Nandkumar Saravade (former RBI IT arm CEO, ex-BSE Public Interest Director) as Non-Executive Independent Director for 3 years. The company completed a demerger of its GRC and SOC businesses from subsidiary Protean Infosec during the year. Auditors issued an unmodified opinion.
Solid financial performance with revenue growth and dividend payout is positive for shareholders. Leadership appointments bring banking and cybersecurity expertise which could strengthen governance and business development in the fintech/government IT services space.