Protean eGov Technologies Limited shares will be in focus following the announcement of a major leadership transition. The company disclosed that Managing Director and CEO Suresh Sethi has submitted his resignation to pursue other interests, with his tenure concluding on March 31, 2026.

Stock Performance and Market Impact

Shares of Protean eGov Technologies ended 0.36% higher on Friday at ₹703.75, ahead of the leadership announcement. The stock will be closely watched as investors assess the impact of the management transition on the company's future prospects.

Leadership Transition Details

The board meeting on January 16, 2026, addressed the leadership succession following Sethi's resignation announcement. Mr. 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, Mr. Sethi spearheaded the transformation of Protean as a leading Digital Public Infrastructure (DPI) company. His leadership period was marked by several significant achievements that positioned the company for future growth.

Key accomplishments under Sethi's leadership included:

• 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

Interim CEO Appointment

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 three decades in the banking industry. His expertise spans wholesale banking, retail banking, and treasury operations. He was instrumental as a key member of the start-up teams for two leading private sector banks and one public sector payments bank.

For the past six years, he served as Chief Operations Officer at India Post Payments Bank, where he managed banking outlet channels, operations of access points, digital products, technology operations, and financial and insurance operations. Previous career positions include roles at prominent financial institutions such as Kotak Mahindra Bank, HDFC Bank, and Standard Chartered Bank.

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.