Protean eGov Tech shares in focus after MD and CEO Suresh Sethi resigns

Shares of Protean eGov Technologies Ltd. will be in focus on Monday, January 19, after the company informed the exchanges that its Managing Director and Chief Executive Officer, Suresh Sethi, has tendered his resignation effective January 16, 2026, to pursue other interests. His last working day will be March 31, 2026.

Following his resignation, Sethi will also step down as a member of all board committees with effect from the close of business on March 31, 2026, or on any earlier date if the board reconstitutes the committees, the company said.

Protean further announced that V Easwaran, who currently serves as Executive Director and Chief Operating Officer, will take charge as Interim Chief Executive Officer starting April 1, 2026, and will lead the company during the transition period.

Easwaran brings over three decades of experience in the banking industry, with expertise across wholesale banking, retail banking and treasury operations.

During Sethi's tenure, Protean underwent a major transformation into a leading digital public infrastructure company. His leadership oversaw the company's successful public listing and a comprehensive rebranding exercise that resulted in a new corporate identity.

The company also expanded its domestic and international footprint and built a diversified, future-ready business portfolio.

The board placed on record its appreciation for Sethi's contributions and leadership during a phase marked by strong growth and transformation.

Shares of Protean eGov Technologies Ltd. ended 0.36% higher on Friday at ₹703.75.