Protean eGov Technologies Limited announced a significant leadership transition on January 16, 2026, with Managing Director & CEO Suresh Sethi tendering his resignation to pursue other interests. The board meeting, held on the same day, approved the resignation and outlined the succession plan for the company's leadership.

Leadership Transition Details

The key aspects of the leadership change are outlined in the following table:

Sethi will also cease to be a member of all committees where he currently serves, effective from the close of business hours on March 31, 2026, or any earlier date of reconstitution of committees by the board.

Suresh Sethi's Contributions

During his tenure, Sethi led the 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 its appreciation for his contributions and exemplary leadership during a phase of significant growth and transformation for the company.

New Leadership Profile

V Easwaran, currently serving as Executive Director and Chief Operating Officer, will assume charge as Interim Chief Executive Officer effective April 1, 2026. His professional background includes:

Easwaran brings extensive experience in banking products across wholesale, retail, and treasury business segments. He was a key member of the start-up teams for two top private sector banks and one public sector payments bank promoted by the Department of Posts.

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 board meeting commenced at 4:00 PM and concluded at 5:00 PM on January 16, 2026. All required disclosures and documentation, including Sethi's resignation letter, were submitted to BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

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.