Protean eGov Technologies Limited announced a major leadership transition following its Board meeting held on January 16, 2026. The company disclosed that Managing Director & CEO Suresh Sethi has tendered his resignation to pursue other interests, with his tenure concluding on March 31, 2026.

Leadership Transition Details

The Board meeting, which commenced at 4:00 PM and concluded at 5:00 PM on January 16, 2026, addressed the resignation and succession planning. Sethi will cease to be a member of all committees where he currently serves, effective from the close of business hours on March 31, 2026.

Sethi's Contributions and Legacy

During his tenure, Sethi led what the Board described as the "singular transformation of Protean as a leading Digital Public Infrastructure (DPI) company." His leadership period was marked by several significant achievements:

• Successful public listing of the company
• Comprehensive rebranding initiative leading to the organization's new identity
• Expansion of domestic and international presence
• Development of a diversified, future-ready portfolio

The Board expressed appreciation for his contributions and exemplary leadership during a phase of significant growth and transformation for the company.

Interim CEO Appointment

As part of the planned succession process, V Easwaran will assume charge as Interim Chief Executive Officer effective April 1, 2026. Currently serving as Executive Director and Chief Operating Officer, Easwaran will lead the company during this transitional phase.

V Easwaran's Professional Background

Easwaran brings extensive experience to his new role, with over 30 years in the banking industry focusing on wholesale, retail, and treasury business operations. His career highlights include:

• Key member of start-up teams for two top private sector banks and one public sector payments bank
• Six years with India Post Payments Bank as Chief Operations Officer
• Previous roles at Kotak Mahindra Bank, HDFC Bank, and Standard Chartered Bank
• Strong expertise in banking and financial services products, mutual funds, equity markets, and insurance sectors

Educational Qualifications:

• Bachelor of Science (Physics)
• Diploma (Computer Science)
• Master of Arts (Public Administration)

Regulatory Compliance

The announcement was made in compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed disclosures as required under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, including comprehensive annexures detailing both the resignation and interim appointment.

The transition appears to be part of a structured succession planning process that the Board had initiated following earlier discussions with Sethi regarding his intention to move on. Sethi committed to ensuring a smooth and orderly transition, extending all necessary support during the handover process as required by the Board.

Protean eGov Technologies Limited has secured a major international contract worth ₹25.00 crore for implementing Digital Public Infrastructure and services for Ethiopia's Agriculture Ecosystem. The company received and acknowledged the work order on January 09, 2026, marking a significant milestone in its international expansion strategy.

Contract Overview and Strategic Significance

The contract represents a strategic expansion of Protean eGov Technologies' Digital Public Infrastructure (DPI) capabilities into international markets. This achievement aligns with the company's strategy to leverage its DPI expertise globally and marks a significant step forward in collaborative efforts to develop Digital Public Goods for the agricultural sector.

Scope of Work and Technology Solutions

Under this engagement, Protean will function as a system integrator delivering comprehensive end-to-end technology solutions. The project encompasses program management and engineering services, including design, development, deployment, and ongoing support of an AI-powered digital platform specifically tailored for Ethiopia's agricultural needs.

The technology implementation will focus on building Global Digital Public Goods (DPGs) to create a unified agricultural ecosystem. Key components of the digital infrastructure include:

• Unique farmer and farm identification systems
• Integrated data management for crops, soil, and livestock
• AI-driven advisory services for agricultural decision-making
• Comprehensive digital platform supporting Ethiopia's agricultural sector

Project Structure and Implementation

The contract structure follows a time and material model, allowing for flexible resource allocation throughout the 17-month implementation period. Protean's role as system integrator positions the company to deliver comprehensive technology solutions while ensuring seamless integration across all agricultural ecosystem components.

Regulatory Compliance and Disclosure

The contract announcement was made in compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no promoter, promoter group, or group companies have any interest in the awarding entity, and the contract does not fall within related party transactions.

This significant contract win demonstrates Protean eGov Technologies' growing capabilities in international Digital Public Infrastructure projects and strengthens its position in the global agricultural technology sector. The project's focus on Digital Public Goods development further reinforces the company's commitment to creating scalable, impactful technology solutions for agricultural ecosystems.