Protean eGov Technologies Limited has informed the Exchange regarding Change in Director(s) of the company.
PROTEAN · price
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Protean eGov Technologies reported strong FY26 results with standalone revenue of Rs 996.43 crore (up 18% YoY) and consolidated revenue of Rs 997.75 crore. Standalone profit after tax grew to Rs 94.32 crore while consolidated PAT reached Rs 100.59 crore, both showing healthy growth. The board approved a final dividend of Rs 10 per share (100% payout). Two key leadership appointments were made: Mr. Ajay Rajan (formerly from YES Bank with 30+ years banking experience) appointed as Managing Director & CEO effective June 1, 2026, and Mr. Nandkumar Saravade (former CEO of ReBIT and ex-Public Interest Director at BSE) appointed as Independent Director for 3 years. Both appointments are subject to shareholder approval. The company also completed a demerger of its GRC and SOC businesses from subsidiary Protean Infosec Limited during the year.
The appointment of an external CEO with deep banking and fintech expertise could drive growth in government digital infrastructure services, while the 100% dividend payout signals confidence in cash generation. The new independent director strengthens board governance with cybersecurity and regulatory expertise.