Octaware Technologies Appoints Two Additional Directors to Board
Octaware Technologies Limited appointed Mr. Alok Ranjan as Whole-Time Director and Mr. Pradeep Lavania as Executive Director on January 23, 2026. Both appointments are effective immediately but require shareholder approval at the upcoming AGM for FY 2025-26. The new directors bring 15 years and 13 years of professional experience respectively, and will focus on strategic direction, business development, and operational excellence to drive sustainable growth.
*this image is generated using AI for illustrative purposes only.
Octaware Technologies Limited has strengthened its Board of Directors with the appointment of two Additional Directors on January 23, 2026. The company's Board meeting, held from 11:00 A.M. to 11:30 A.M., approved these strategic appointments based on recommendations from the Nomination and Remuneration Committee.
Board Appointments Details
The company announced two key appointments that will enhance its leadership structure:
| Position | Name | DIN | Effective Date | Experience |
|---|---|---|---|---|
| Whole-Time Director | Mr. Alok Ranjan | 02290342 | January 23, 2026 | 15+ years |
| Executive Director | Mr. Pradeep Lavania | 03556845 | January 23, 2026 | 13+ years |
Both appointments are subject to shareholder approval at the ensuing Annual General Meeting for FY 2025-26. The directors will hold office until the date of the upcoming AGM.
Leadership Profiles
Mr. Alok Ranjan brings over 15 years of extensive professional experience to his role as Whole-Time Director. He has served in various senior leadership roles across multiple organizations, making significant contributions to business growth and organizational development. As a visionary leader and accomplished executive, Mr. Ranjan has demonstrated a strong track record of driving business expansion, promoting operational excellence, and leading strategic initiatives.
Mr. Pradeep Lavania joins as Executive Director with over 13 years of diverse industry experience. Throughout his career, he has held key leadership and management roles across various organizations, playing an instrumental role in driving operational efficiency and business performance. Known for his strategic mindset and hands-on leadership approach, Mr. Lavania has consistently contributed to scaling businesses, optimizing processes, and executing growth-oriented initiatives.
Regulatory Compliance
The appointments comply with all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key compliance aspects include:
- Neither director holds directorship in any other listed entity
- No relationships disclosed between the new directors and existing board members
- Both directors are not debarred from accessing capital markets or restrained from holding director positions by SEBI or other authorities
- All required disclosures have been made as per BSE and NSE circular requirements
Strategic Impact
In their respective roles, Mr. Ranjan will focus on guiding the company's strategic direction, strengthening business development efforts, and providing organizational leadership for sustainable growth. Mr. Lavania will concentrate on strengthening the operational framework, advancing strategic and business development initiatives, and supporting long-term sustainability and value creation.
The company has filed the necessary intimation with BSE Limited under scrip code 540416, ensuring full regulatory compliance for these board changes.
Historical Stock Returns for Octaware Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -14.24% | -11.92% | +142.55% | +36.79% | -1.20% |
19
