Octaware Technologies Limited, a company listed on the BSE (Scrip Code: 540416), has announced a significant change in its leadership. Anwer Hussien Bagdadi, the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company, has tendered his resignation, effective from the close of business hours on October 10, 2025.

Resignation Details

The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Here are the key details of the resignation:

Company's Response

Octaware Technologies has acknowledged Bagdadi's services and contributions during his tenure as CEO. The company stated in its regulatory filing, "The Company places on record its deep sense of appreciation for the services rendered by Mr. Anwer Hussien Bagdadi and for his contribution during his tenure as the CEO."

Regulatory Compliance

The company has taken steps to ensure full compliance with regulatory requirements:

1. Informed the stock exchanges about the leadership change.
2. Submitted the required information as per SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015.
3. Confirmed that there are no material reasons for Bagdadi's resignation.

Next Steps

While the company has not yet announced a successor, it is expected to update stakeholders on any further developments regarding the CEO position. Octaware Technologies will need to inform and update relevant statutory and regulatory authorities, including the Registrar of Companies and stock exchanges, about this change in accordance with applicable laws and regulations.

This leadership transition marks a significant moment for Octaware Technologies, and stakeholders will be keen to see how the company navigates this change in the coming months.

Octaware Technologies Limited, a company listed on the Indian stock exchange, has announced a significant change in its top leadership. Anwer Hussien Bagdadi, the Chief Executive Officer of the company, has submitted his resignation, marking the end of his tenure at the helm of the organization.

Key Details of the Resignation

Implications and Next Steps

The resignation of a CEO is a significant event for any company, and Octaware Technologies is no exception. In his resignation letter, Bagdadi has requested the company to inform relevant statutory and regulatory authorities about this change. This includes notifying:

• The Registrar of Companies
• Stock exchange(s)
• Other concerned bodies as per applicable laws and regulations

Bagdadi's Parting Words

In his communication to the Board of Directors, Bagdadi expressed gratitude to his colleagues for their support during his tenure as CEO. He also wished for the continued growth and success of Octaware Technologies in its future endeavors.

Company's Response

As of now, Octaware Technologies Limited has not announced a successor to Bagdadi. The company's board will likely initiate the process of finding a new CEO to lead the organization forward.

This leadership change comes at a time when companies across the tech sector are facing various challenges and opportunities. How this transition will impact Octaware Technologies' strategic direction and operational performance remains to be seen.

Investors and stakeholders will be keenly watching for any further announcements from the company regarding its leadership transition plan and any potential shifts in corporate strategy that may follow this change at the top.