ROUTE MOBILE LIMITED has informed the Exchange regarding a press release dated July 18, 2025, titled "Route Mobile re-designates Mr. Rajdipkumar Gupta as Chief Executive Officer following Mr. Gautam Badalia s resignation, and announces appointment of Mr. Sammy Mamdani as Chief Operating Officer.".
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Route Mobile announced that CEO Mr. Gautam Badalia has resigned effective July 17, 2025, citing personal reasons. Founder and Managing Director Mr. Rajdipkumar Gupta has been re-designated as CEO while continuing as MD. Additionally, Mr. Sammy Mamdani, currently Executive Vice President – Group Head – Global Operations, has been appointed as Chief Operating Officer, also effective July 17, 2025. Mr. Gupta has been with the company since its founding in 2004, while Mr. Mamdani brings 18+ years of experience and previously served as COO at Cellent Technologies, which Route Mobile acquired in 2016.
The transition brings continuity as the founder takes over as CEO, which may reassure investors. However, an abrupt CEO exit — even for personal reasons — can create short-term uncertainty around strategy and execution, particularly for a company now part of the Proximus Group.