Oracle FS Software Board Approves Financials, Appoints New MD & CFO
Oracle Financial Services Software Ltd announced key decisions from its Board of Directors meeting. The board approved the 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. Significant management changes include the resignation of MD & CEO Mr. Makarand Padalkar, effective July 23, 2026, and the appointment of Mr. Avadhut Ketkar as the new MD & CEO from July 24, 2026. Additionally, Mr. Manish Bhandari has been appointed as the new Chief Financial Officer, effective the same date. The board also approved the appointment of Mr. Andrew Mark Morawski as an Additional Director and reconstituted various board committees.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- MD & CEO Makarand Padalkar resigns; Avadhut Ketkar appointed new MD & CEO.
- Manish Bhandari appointed as new Chief Financial Officer.
- Andrew Mark Morawski appointed as Additional Director.
- Board committees reconstituted effective July 24, 2026.
Price Impact
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