Protean eGov Technologies Limited accepted the resignation of Mr. Dattaram Mhadgut from the position of Executive Vice President (Chief Technology Officer) effective June 18, 2026. The resignation, tendered on June 17, 2026, was attributed to personal reasons. Mr. Mhadgut confirmed his availability to assist with the transition and handover process during his final day with the organization.

The company informed the stock exchanges regarding the change in senior management pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure required under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, was submitted as part of the regulatory filing.

Key Details of Resignation

The following table outlines the specific particulars regarding the cessation of the executive's role:

Mr. Dattaram S. Mhadgut submitted his formal resignation letter to Mr. Ajay Rajan, Managing Director & Chief Executive Officer of protean e-gov technologies . In his communication, he expressed gratitude to the Board of Directors and Senior Management for their support during his tenure.

Protean eGov Technologies Limited has appointed Mr. Ajay Rajan as its Managing Director & Chief Executive Officer (MD & CEO) effective June 1, 2026. Consequently, Mr. V Easwaran has ceased to hold the position of Interim CEO with effect from the same date, though he continues to serve as the Whole Time Director and COO of the company. The leadership transition ensures operational continuity within the organization.

The disclosure was submitted in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the change in designation is pursuant to the commencement of Mr. Ajay Rajan's tenure.

Mr. V Easwaran brings over 30 years of experience in the banking industry, focusing on wholesale, retail, and treasury business. He was a key member of the start-up teams for two top private sector banks and one public sector payments bank promoted by the Department of Posts. His expertise spans banking and financial services products, systems, and procedures, including mutual funds, equity markets, and insurance sectors.

Prior to his current role, Easwaran was associated with India Post Payments Bank as Chief Operations Officer for six years. He has also held positions at Kotak Mahindra Bank, HDFC Bank, and Standard Chartered Bank. He holds a Bachelor of Science in Physics, a Diploma in Computer Science, and a Master of Arts in Public Administration.