Infobeans technologies promoter Siddharth Sethi has disclosed the transfer of 4,000 equity shares through gift transactions, as per regulatory filings under SEBI's substantial acquisition regulations. The transactions were executed on two separate dates in March 2026, representing a minor adjustment in the promoter's shareholding pattern.

Transaction Details

The share transfers were completed through two separate gift transactions:

Impact on Shareholding Pattern

The gift transactions resulted in a marginal reduction in Siddharth Sethi's stake in the company:

Company Information

InfoBeans Technologies Ltd maintains its equity structure with a total share capital of 9,69,59,440 equity shares of Rs. 10 each. The company's shares are listed on both the National Stock Exchange of India Ltd and BSE Ltd. The disclosed transactions do not involve any encumbrances, warrants, convertible securities, or other instruments that could affect voting rights.

Regulatory Compliance

The disclosures were made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As a promoter group member, Siddharth Sethi is required to disclose such transactions that affect his shareholding in the company. The transfers were executed from Indore, with proper documentation and signatures completed for both transaction dates.

InfoBeans Technologies Limited has announced the re-appointment of Mr. Siddharth Sethi as Managing Director for a five-year term starting February 21, 2026. The Board of Directors approved this strategic leadership decision during their meeting held on March 11, 2026, ensuring continuity in the company's executive management.

Leadership Continuity and Experience

Mr. Sethi brings substantial experience and commitment to his continued role as Managing Director. At 51 years of age, he possesses 25 years of professional experience and has been associated with the company's board since his first appointment on March 18, 2011. His educational credentials include a graduate degree in Electrical Engineering from SGSITS, Indore, and an MBA from IIM, Indore.

Shareholding and Corporate Governance

The Managing Director demonstrates significant commitment to the company through his substantial shareholding of 2,37,20,504 shares. This alignment of interests between leadership and shareholders reinforces the governance structure. Notably, Mr. Sethi maintains independence in his role with no relationships with other Directors, Managers, or Key Management Personnel.

Appointment Terms and Conditions

The re-appointment encompasses several key provisions that define the scope and nature of the role:

Additional Corporate Responsibilities

Beyond his role at InfoBeans Technologies, Mr. Sethi serves on the boards of multiple organizations, including IIM Indore Alumni Association, Ecoplex Infra Pvt Ltd, and Kriti Industries(India) Ltd. He also contributes as a Member of the Corporate Social Responsibility Committee, demonstrating his commitment to broader corporate governance and social responsibility initiatives.

Regulatory Compliance

The re-appointment has been conducted in full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements and informed both the National Stock Exchange of India Limited and BSE Limited about this significant corporate development, ensuring transparency for all stakeholders.