NewsStocksEuphoria Infotech Board Approves Re-appointment of Managing Director and Wholetime DirectorEuphoria Infotech Board Approves Re-appointment of Managing Director and Wholetime Director
Euphoria Infotech (India) Limited's board approved re-appointment of Managing Director Shamba Bhanja and Wholetime Director Priyabrata Seal for three-year terms from January 12, 2026. Both appointments include remuneration revisions effective May 2025 and require shareholder approval through postal ballot, ensuring leadership continuity with experienced executives.
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Euphoria Infotech (India) Limited announced key leadership continuity decisions following its board meeting held on January 2, 2026. The company's Board of Directors approved significant re-appointments that will shape its executive leadership for the next three years.
Board Approvals and Key Decisions
Based on recommendations from the Nomination and Remuneration Committee, the board approved several critical resolutions during the meeting that commenced at 3:00 p.m. and concluded at 4:15 p.m.
| Decision: | Details |
|---|---|
| Managing Director Re-appointment: | Mr. Shamba Bhanja (DIN: 01546020) for 3 years |
| Wholetime Director Re-appointment: | Mr. Priyabrata Seal (DIN: 07449685) for 3 years |
| Effective Date: | January 12, 2026 |
| Term Duration: | January 12, 2026 to January 11, 2029 |
| Remuneration Revision: | Effective May 2025 for both positions |
Leadership Profiles and Experience
The re-appointed executives bring substantial industry expertise to their continued roles. Mr. Shamba Bhanja contributes over 25 years of industry experience and has been the guiding force for the company since its inception. His diverse technology expertise across multiple industry settings has enabled the company to explore both current and future opportunities.
Mr. Priyabrata Seal, aged 47 years, holds a Masters degree in Multimedia Development from University of Jadavpur. He brings approximately 20 years of experience in project management, system architecture, and account management, playing a key role in project execution and day-to-day operations.
Shareholder Approval Process
Both re-appointments and the associated remuneration packages require shareholder approval. The board approved a postal ballot notice that will be sent to shareholders in due course. The company confirmed that the postal ballot notice will be filed with the stock exchange as per regulatory requirements.
Regulatory Compliance and Governance
The announcements comply with Regulation 30 of SEBI Listing Regulations and related circulars. Both directors maintain clean regulatory records, with no debarment from holding directorial positions by SEBI or other authorities. The disclosure confirms no inter-se relationships exist between the re-appointed directors and other board members or senior management personnel.
Corporate Governance Framework
The re-appointments demonstrate the company's commitment to leadership stability and governance continuity. Both positions are subject to the standard three-year term structure, ensuring regular review and renewal of executive mandates through shareholder participation in the postal ballot process.
