XELPMOCBSEXelpmoc Design and Tech LtdMediumNeutral
Announced Fri, 29 May · 19:48 IST

Intimation of appointment of the Chief Technology Officer (CTO)

Management Changes View source PDF

XELPMOC · price

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Price reaction · full curve 14 horizons · vs prior close
-8.5%1-day move
₹103.88
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AI summary

The Board of Directors of Xelpmoc Design and Tech Ltd approved the appointment of Mr. Naushad Vali as Chief Technology Officer (CTO) effective June 01, 2026. Vali is a seasoned technology leader with over 20 years of experience, having worked at Just Dial, Reliance Entertainment, and Ibibio, and co-founded Tech133t Infosystems. He was already serving as Consulting CTO before this formal appointment. The board meeting, held on May 29, 2026, also approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with auditors giving unmodified opinions. Additionally, M/s. Venu & Vinay was reappointed as Internal Auditor for FY 2026-27.

Likely market impact

Appointment of an experienced CTO may boost investor confidence in the company's technology strategy and execution capability. The clean financial audit results further strengthen the investment case.