Protean eGov Technologies Limited announced a significant leadership transition with the resignation of Managing Director & CEO Suresh Sethi, effective March 31, 2026. The announcement was made following a Board meeting held on January 16, 2026, where directors approved the leadership change and succession plan.

Leadership Transition Details

The company disclosed that Sethi tendered his resignation on January 16, 2026, to pursue other interests. His departure follows earlier discussions with the Board regarding a planned transition and structured succession planning process, which is now at an advanced stage of completion.

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 new organizational identity
• Expansion of domestic and international presence
• Development of diversified, future-ready portfolio

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

New Interim Leadership

V Easwaran, currently serving as Executive Director and Chief Operating Officer, will assume charge as Interim Chief Executive Officer effective April 1, 2026. This appointment ensures continuity in leadership during the transition period.

V Easwaran's Professional Background

Easwaran brings extensive experience to his new role:

His expertise spans wholesale, retail, and treasury banking products, with strong knowledge of banking and financial services systems. At India Post Payments Bank, he managed banking outlet channels, operations of access points, digital products, technology operations, and financial and insurance operations.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 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. Detailed disclosures as required under SEBI circular dated July 13, 2023, were provided along with Sethi's resignation letter.

In his resignation letter, Sethi expressed gratitude to the Board for their trust, support, and guidance during his tenure. He committed to ensuring a smooth and orderly transition and extending necessary support during the handover process as required by the Board.

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.