Oracle Financial Services: Q1 FY27 Results; New MD & CEO, CFO Appointed

Oracle Financial Services Software Ltd's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). The board also announced significant management changes. Mr. Makarand Padalkar resigned as the Managing Director and Chief Executive Officer, effective July 23, 2026. Mr. Avadhut Ketkar, currently the CFO, was appointed as the new Managing Director and Chief Executive Officer for a three-year term, subject to shareholder approval. Additionally, Mr. Manish Bhandari was appointed as the new Chief Financial Officer. Mr. Andrew Mark Morawski was appointed as an Additional Non-Executive, Non-Independent Director. The Board also approved the reconstitution of various committees, including the Risk Management, Corporate Social Responsibility, Stakeholders Relationship, and Audit Committees.