Board Meeting22 Jul 2026, 06:40 pm
Oracle FS Software Announces Directorate Changes and Q1 FY27 Results
AI Summary
Oracle Financial Services Software Ltd announced significant changes in its directorate following a board meeting. Mr. Andrew Mark Morawski was appointed as an Additional Director. The company also approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, reporting a profit before tax of ₹18,210 million and a net profit of ₹13,636 million. Mr. Makarand Padalkar resigned as Managing Director and CEO, effective July 23, 2026, with Mr. Avadhut Ketkar appointed as his successor. Mr. Manish Bhandari has been appointed as the new Chief Financial Officer. The board also approved reconstitution of various committees.
Key Highlights
- Board approved unaudited Q1 FY27 results with ₹13,636 million net profit.
- Mr. Makarand Padalkar resigns as MD & CEO; Mr. Avadhut Ketkar appointed successor.
- Mr. Andrew Mark Morawski appointed as Additional Director.
- Mr. Manish Bhandari appointed as Chief Financial Officer.
- Several board committees have been reconstituted.
Price Impact
More from OFSS