Quick Heal Technologies CTO Ashish Pradhan Announces Early Retirement

1 min read     Updated on 01 May 2026, 05:30 AM
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Jubin VScanX News Team
AI Summary

Quick Heal Technologies Limited has announced the early retirement of Chief Technology Officer Mr. Ashish Pradhan effective April 30, 2026, in compliance with SEBI regulations. The company filed comprehensive regulatory disclosures with both BSE and NSE, including Mr. Pradhan's formal retirement letter where he expressed gratitude for the service extension beyond his original retirement date of August 06, 2024.

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Quick Heal Technologies Limited has announced the early retirement of Mr. Ashish Pradhan from the position of Chief Technology Officer with effect from April 30, 2026. The company communicated this development to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015.

The disclosure was made through an official communication dated April 30, 2026, signed by Vikram Dhanani, Compliance Officer of the company. The announcement included requisite disclosures as per SEBI regulations, read with the SEBI Master Circular dated November 11, 2024.

Regulatory Filing Details

The company filed the retirement intimation under reference number QHTL/Sec/SE/2026-27/03 to both stock exchanges. The filing was addressed to the Corporate Services departments of BSE Limited (Security Code: 539678) and National Stock Exchange of India Limited (Symbol: QUICKHEAL, Series: EQ).

Retirement Disclosure

The key details of the retirement event were provided in the regulatory annexure:

Sr. No. Particulars Details
1 Name Mr. Ashish Pradhan, Chief Technology Officer
2 Reason Early Retirement
3 Date of Retirement April 30, 2026
4 Supporting Documentation Letter of early retirement enclosed

Retirement Letter

In his formal retirement letter addressed to the company management, Mr. Pradhan expressed gratitude for the extension of service granted to him beyond his original retirement date of August 06, 2024. He acknowledged the continued trust and confidence placed in him during his tenure with the company and stated that after thoughtful consideration, he believed it was the right time to step down and transition into retirement.

The retirement letter, which forms Annexure II of the regulatory filing, was dated April 30, 2026, and requested acceptance of his early retirement with immediate effect at the closure of business hours on that date. Mr. Pradhan thanked the company for the opportunities, support, and encouragement provided throughout his tenure and wished the organization continued success.

Historical Stock Returns for Quick Heal Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+19.58%+28.77%+45.75%-31.65%-22.50%+16.87%

Who will Quick Heal appoint as the new Chief Technology Officer and what strategic direction might they bring to the company's technology roadmap?

How might Mr. Pradhan's departure impact Quick Heal's ongoing cybersecurity product development and innovation pipeline?

Will this leadership transition affect Quick Heal's competitive positioning in the rapidly evolving cybersecurity market?

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Quick Heal Technologies Allots 12,365 Equity Shares Under ESOP Scheme 2021

1 min read     Updated on 30 Mar 2026, 06:17 PM
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AI Summary

Quick Heal Technologies Limited allotted 12,365 equity shares under ESOP Scheme 2021 on March 30, 2026, at exercise prices ranging from ₹10 to ₹142.16. The allotment increased the company's total issued shares to 5,42,45,455 with a share capital of ₹54,24,54,550. The shares will be credited under permanent ISIN INE306L01010 upon final trading approval.

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Quick Heal Technologies Limited has completed the allotment of 12,365 equity shares under its Employee Stock Option Plan (ESOP) Scheme 2021. The company filed the mandatory notification with BSE Limited and National Stock Exchange of India Limited on March 30, 2026, in compliance with Regulation 10(c) of SEBI regulations.

Share Allotment Details

The allotment comprises 12,365 equity shares of ₹10 each issued under the ESOP Scheme 2021. The shares carry distinctive numbers ranging from 7,22,36,005 to 7,22,48,369 and were issued on March 30, 2026.

Parameter Details
Shares Issued 12,365 equity shares
Par Value ₹10 per share
Issue Date March 30, 2026
Scheme ESOP Scheme 2021
Distinctive Numbers 7,22,36,005 to 7,22,48,369

Exercise Price Structure

The ESOP shares were exercised at multiple price points, reflecting different grant dates and market conditions at the time of grant. The exercise prices and corresponding premiums are:

Exercise Price (₹) Premium (₹)
10.00 0.00
98.50 88.50
114.00 104.00
142.16 132.16

Updated Share Capital Position

Following this allotment, Quick Heal Technologies' shareholding structure has been updated:

Metric Post-Allotment Position
Total Issued Shares 5,42,45,455 equity shares
Share Capital ₹54,24,54,550
Par Value per Share ₹10

Regulatory Compliance

The shares have been assigned a temporary ISIN number IN8306L01019 and will be transferred to the company's permanent ISIN INE306L01010 upon receipt of final trading approval from the stock exchanges. The newly issued shares are identical in all respects to the existing equity shares of the company and do not carry any lock-in restrictions.

The company has confirmed that no listing fees are payable for this allotment, and the shares will be available for trading once the final approvals are received from both BSE Limited and National Stock Exchange of India Limited.

Historical Stock Returns for Quick Heal Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+19.58%+28.77%+45.75%-31.65%-22.50%+16.87%

How might this ESOP allotment impact Quick Heal's employee retention strategy in the competitive cybersecurity talent market?

What does the varied exercise price structure suggest about Quick Heal's stock performance trajectory since the ESOP Scheme 2021 launch?

Will Quick Heal expand its ESOP allocation in future schemes given the current cybersecurity sector growth prospects?

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1 Year Returns:-22.50%