Protean eGov Technologies Limited has informed the Exchange regarding Resignation of Mr Jayesh Sule - Wholetime Director & COO (Executive Director) of the company w.e.f. July 31, 2025.
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Mr. Jayesh Sule (DIN: 07432517), Whole Time Director & Chief Operating Officer (Key Managerial Personnel) of Protean eGov Technologies, has resigned due to personal reasons. He tendered his resignation on May 9, 2025, with his last working day set for July 31, 2025. In his resignation letter, Mr. Sule mentioned retiring after a work-life of over four decades to pursue personal goals. He will also step down as a member of all board committees he currently serves on, effective from July 31, 2025 or an earlier date of committee reconstitution. The company has complied with SEBI disclosure norms under Regulation 30 of the LODR Regulations, attaching both the required disclosure and the resignation letter as annexures.
The exit of a senior KMP like the COO can create short-term leadership uncertainty and may be viewed negatively by the market in the near term. Investors should watch for a timely replacement announcement to gauge continuity of operations.