Info Edge (India) Limited has announced the resignation of Mr. Pawan Goyal, Whole-time Director and Chief Business Officer-Naukri, marking the end of his seven-year tenure with the company. The resignation, submitted on March 31, 2026, will be effective from the close of business hours on May 31, 2026.

Leadership Transition Details

The company received Goyal's resignation letter via email at 2:20 PM (IST) on March 31, 2026. The Nomination and Remuneration Committee and the Board of Directors formally acknowledged his resignation during their meeting held on April 1, 2026, expressing appreciation for his valuable contributions during his association with the company.

Performance Achievements

In his resignation letter, Goyal highlighted significant business achievements during his leadership tenure. Under his guidance, the Naukri business demonstrated strong financial performance with consistent growth metrics.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Goyal will cease to be a member of all Board Committees where he currently holds membership, effective from his last working day. The company has uploaded the complete intimation on its website at www.infoedge.in for stakeholder access.

Future Pursuits

In his resignation letter addressed to the leadership team, Goyal expressed gratitude for his tenure at Info Edge and stated his intention to pursue other passions in life. He extended best wishes to the Info Edge team for their future endeavors, concluding his successful chapter with the organization on a positive note.

Info Edge (India) Limited has announced comprehensive strategic investment decisions following its board meeting held on March 27, 2026. The company disclosed multiple significant transactions under Regulation 30 of SEBI Listing Regulations, encompassing substantial investment commitments and strategic portfolio adjustments.

A88 Fund I Investment Approval

The board has approved entering into a contribution agreement with A88 Fund I, a scheme launched by A88 Trust registered with SEBI as a Category II Alternative Investment Fund. The company committed to invest up to ₹250 crore in aggregate, directly and through wholly-owned subsidiaries including Smartweb Internet Services Limited acting as sponsor and investment manager.

ShopKirana Stake Transfer to TIPL

Startup Investments (Holding) Limited (SIHL), a wholly-owned subsidiary, will transfer its entire shareholding in ShopKirana E Trading Private Limited to Trustroot Internet Private Limited (TIPL). The transaction involves transferring 60,673 shares representing 26.14% on fully converted and diluted basis for $32,970,499.20.

SIHL Investment in TIPL

Additionally, SIHL will invest $1,724,169.60 in TIPL through primary infusion, subscribing to 5,484 preference shares representing 0.105% on fully converted and diluted basis. Post-transaction, SIHL will hold approximately 2.126% stake in TIPL.

Financial Impact and Company Performance

ShopKirana contributed significantly to Info Edge's consolidated performance with total income of ₹471.26 crore (15.88% of standalone basis) and revenue of ₹469.33 crore (17.69% of standalone basis) as of March 31, 2025. The company's networth stood at ₹22.56 crore.

Regulatory Compliance and Timeline

The transactions fall under overseas direct investment regulations and require authorized dealer bank clearance. The definitive agreements are expected to be executed within one month of board approval, with completion targeted by June 30, 2026. Upon closing, ShopKirana will cease to be an associate company of SIHL.

These strategic moves demonstrate Info Edge's active investment management approach, balancing new capital commitments in alternative investment funds with portfolio optimization through selective divestments and cross-investments in technology-focused entities.