Protean eGov Technologies Limited has completed the allotment of equity shares under its Employee Stock Option Plan (ESOP) 2017, marking a significant milestone in its employee compensation strategy. The Board of Directors approved the allotment through a circular resolution dated December 19, 2025.

Share Allotment Details

Impact on Share Capital Structure

The allotment has resulted in an increase in the company's paid-up share capital. The updated capital structure reflects the company's commitment to employee participation in its growth story.

Regulatory Compliance and Share Rights

The allotment was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly allotted equity shares will rank pari passu in all respects with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.

Strategic Implications

This share allotment under ESOP 2017 demonstrates Protean eGov Technologies' ongoing commitment to employee retention and motivation through equity participation. The exercise of options by eligible employees indicates confidence in the company's future prospects and aligns employee interests with shareholder value creation.

The completion of this allotment process strengthens the company's human capital strategy while maintaining transparency with stakeholders through proper regulatory disclosures to both BSE and NSE.

Protean e-Gov Technologies Limited, a key player in the technology sector, has announced a significant change in its senior management. Bertram D'Souza, the company's Executive Vice President and Chief Products Innovation Officer, has tendered his resignation due to personal reasons.

Resignation Details

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

Impact on Company Structure

This resignation marks a change in Protean eGov Technologies' senior management structure. As the Chief Products Innovation Officer, D'Souza held a crucial role in overseeing product innovation at the firm.

Transition Period

The company has not yet announced a successor for the position. The period between the announcement and D'Souza's last working day (approximately three weeks) could be utilized for knowledge transfer and to ensure a smooth handover of responsibilities.

Company's Response

Protean eGov Technologies has not provided any immediate statement regarding their plans to fill this position or any potential impact on their ongoing projects or product roadmap.

As this news represents a change in the company's management, it may be of interest to stakeholders and investors.