Oracle Financial Services authorizes KMPs for materiality determination

0 min read     Updated on 23 Jul 2026, 03:20 AM
scanx
Reviewed by
Jubin VScanX News Team
AI Summary

Oracle Financial Services Software has authorized Mr. Avadhut Ketkar, Managing Director and CEO, and Mr. Manish Bhandari, CFO, to determine the materiality of events or information effective July 24, 2026, under SEBI regulations. Mr. Onkarnath Banerjee, Company Secretary & Compliance Officer, is the designated single point of contact for this purpose.

powered bylight_fuzz_icon
46280239

*this image is generated using AI for illustrative purposes only.

Oracle Financial Services Software has designated its Managing Director and Chief Executive Officer, Mr. Avadhut Ketkar, and Chief Financial Officer, Mr. Manish Bhandari, as the Key Managerial Personnel (KMPs) authorized to determine the materiality of events or information, effective July 24, 2026. This disclosure was made pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also designated Mr. Onkarnath Banerjee, Company Secretary & Compliance Officer, as the single point of contact for these matters.

Key Managerial Personnel Authorized for Materiality

The following executives have been authorized to determine the materiality of events or information:

Sr. No. Name Designation
1. Avadhut Ketkar Managing Director and Chief Executive Officer
2. Manish Bhandari Chief Financial Officer

Single Point of Contact

Mr. Onkarnath Banerjee serves as the Company Secretary & Compliance Officer for Oracle Financial Services Software Limited. He is based at Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai 400 063, and can be reached at +91 22 6718 3000 or via email at investors-vp-ofss_in_grp@oracle.com .

Historical Stock Returns for Oracle Financial Services Software

1 Day5 Days1 Month6 Months1 Year5 Years
-2.22%-2.88%-2.78%+68.84%+34.14%+144.47%

How will this new materiality framework impact the frequency and timing of the company's future disclosures?

What criteria will the designated KMPs prioritize when assessing the materiality of upcoming corporate events?

Could this shift in internal governance signal potential changes in Oracle Financial Services' strategic reporting or compliance approach?

Oracle Financial Services Software
View Company Insights
View All News
like19
dislike

Oracle Financial Services Software Records ₹32.02 Crore Block Trade on NSE at ₹11714.00 Per Share

0 min read     Updated on 13 Jul 2026, 09:38 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Oracle Financial Services Software recorded a block trade on the NSE involving approximately 27,335 shares at ₹11714.00 per share. The total transaction value amounted to ₹32.02 crores. Such block deals are typically associated with institutional-level buying or selling activity and are executed outside the regular order book to limit market impact.

powered bylight_fuzz_icon
45461306

*this image is generated using AI for illustrative purposes only.

Oracle Financial Services Software witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 27,335 shares transacted at a price of ₹11714.00 per share. The total value of the block deal stood at ₹32.02 crores, reflecting significant institutional-scale activity in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Parameter: Details
Exchange: NSE
Number of Shares: ~27,335
Trade Price: ₹11714.00 per share
Total Trade Value: ₹32.02 crores

Transaction Overview

Block trades are large-volume transactions typically executed by institutional investors and are carried out outside the regular market order book to minimize price impact. The block deal in Oracle Financial Services Software, valued at ₹32.02 crores for approximately 27,335 shares at ₹11714.00 per share, represents a substantial single transaction in the stock on the NSE.

Historical Stock Returns for Oracle Financial Services Software

1 Day5 Days1 Month6 Months1 Year5 Years
-2.22%-2.88%-2.78%+68.84%+34.14%+144.47%

What impact will this block trade have on Oracle Financial Services Software's stock price in the upcoming trading sessions?

Which institutional investors were involved in this transaction, and what does it indicate about their confidence in the company?

Could this block trade signal a broader trend of increased institutional activity in the financial software sector?

Oracle Financial Services Software
View Company Insights
View All News
like18
dislike

More News on Oracle Financial Services Software

Must Read Next

Earnings

Latest Results: 130+ Indian companies report earnings today 40 mins ago
no imag found
Honasa Consumer Q1 net profit more than doubles YoY to 902M rupees 41 mins ago
DCW Q1 net profit triples YoY to ₹345M; revenue up to ₹5.4B 41 mins ago
1 Year Returns:+34.14%