Protean eGov Technologies Limited has informed the Exchange about change in Management - Resignation of SMP

Management Changes View source PDF Explain this filing

PROTEAN · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹899.00

prior close

₹901.80

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-0.9% vs market

IT Enabled Services peers, median of 68sector-0.9%-0.9% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.9 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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AI summary

Mr. Dharmesh Parekh, Executive Vice President (Chief Information Officer & Head Cloud Services), has resigned from Protean eGov Technologies due to personal reasons. His last working day will be October 27, 2025, giving about a month for transition and handover. The resignation is a routine senior management exit and does not involve the CEO, CFO, or any board-level director. The company has confirmed it will ensure a smooth transition during the notice period.

Likely market impact

This is a senior management-level exit, not a board or KMP change, so the immediate impact on the stock is expected to be limited. Investors should watch for the company's succession plan for the CIO and Cloud Services function, as technology leadership is important for an eGov-focused tech company.