Computer Age Management Services Limited has accepted the resignation of Kaushik Narayan Badri as Chief Executive Officer and Whole-Time Director of Fintuple Technologies Private Limited, effective July 20, 2026. The departure follows Computer Age Management Services Limited’s acquisition of shares held by Fintuple’s founders, converting the digital lending platform into a wholly-owned subsidiary. This structural consolidation renders Badri’s role redundant, marking his exit from Senior Management Personnel (SMP) status within the group. The company confirmed that the resignation is solely consequent to the sale of his shares as a founder, with no other material reasons cited for the departure.

The transition was formalized through a communication dated July 20, 2026, wherein Computer Age Management Services Limited informed stakeholders of the share acquisition in accordance with the Shareholders Agreement. With Fintuple now fully integrated into the Computer Age Management Services Limited structure, Badri’s leadership role concluded. The filing specifically addresses changes in Senior Management Personnel under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Disclosures

Computer Age Management Services Limited filed the disclosure under Regulation 30(6), Schedule III, Para A(7) of SEBI LODR. In compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 14, 2024, the company submitted details regarding the cessation of Badri’s services. The disclosure includes a copy of the resignation letter submitted by Badri to the Board of Directors of Fintuple Technologies Private Limited. In the letter, Badri cited "other preoccupations" as the reason for resigning from his positions as CEO and Whole-Time Director. He requested an acknowledgement of receipt and confirmation of the e-Form DIR-12 filing with the Registrar of Companies.

Key Details of Resignation

Strategic Context

The acquisition of Fintuple Technologies Private Limited represents a strategic consolidation for Computer Age Management Services Limited, bringing the digital lending platform entirely under its ownership. The departure of the founding CEO is a standard procedural outcome following such buyouts, where leadership transitions often accompany full integration. Computer Age Management Services Limited has uploaded the intimation on its website, ensuring transparency for investors and regulators regarding the change in key management personnel.

JPMorgan Asset Management and its associated funds have increased their stake in cams to 5.05% of the total voting capital. The acquirer group purchased 1,47,463 shares carrying voting rights through open market transactions on July 22, 2026. This acquisition represents a 0.06% increase in their overall holding, raising the total number of shares held by JPMorgan and its Persons Acting in Concert (PACs) from 1,23,78,795 to 1,25,26,258.

The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the acquirer does not belong to the promoter or promoter group of Computer Age Management Services Limited. The transaction was executed on July 22, 2026, with the formal disclosure submitted on July 24, 2026, by Usha B. Basaweka of JPMorgan Chase Bank, N.A., based in Hyderabad.

Acquisition Details

The following table outlines the change in shareholding before and after the acquisition:

The total equity share capital of Computer Age Management Services Limited remains unchanged at 24,82,04,728 equity shares with a face value of ₹2 each, amounting to ₹49,64,09,456. There were no changes in warrants, convertible securities, or encumbered shares during this period.

Fund Managers and Holders

The acquisition was carried out through various fund managers and holders acting in concert. Key fund managers involved include JPMorgan Asset Management (UK) Limited, J.P. Morgan Investment Management Inc., JPMorgan Chase Bank, N.A., JPMorgan Asset Management (Asia Pacific) Limited, JPMorgan Asset Management (Taiwan) Limited, and JPMorgan Asset Management (Singapore) Limited.

Fund holders include diverse entities such as the JPM Emerging Markets Small Cap Fund, JPMorgan India Smaller Companies Fund, JPMorgan India Fund, and the Strathclyde Pension Scheme/PRPG. None of these entities are part of the promoter group.

What the Numbers Show

The incremental purchase of 1,47,463 shares indicates a modest but deliberate accumulation by JPMorgan’s investment vehicles. By crossing the 5% threshold, the group maintains a significant institutional presence in the company. The use of open market purchases suggests confidence in the stock’s near-term valuation without triggering an open offer obligation under takeover regulations, as the holding remains well below the 25% threshold for mandatory open offers. The consistency across multiple global fund managers highlights a coordinated global investment strategy in Indian financial technology infrastructure.