ORACLE FINANCIAL SERVICES SOFTWARE LTD.

Oracle Financial Services Software Ltd. has issued a clarification regarding a news item suggesting Oracle Corp may sell a stake in the company. The company stated it has not received any communication on the matter and has no knowledge of such developments, adhering to its policy of not commenting on market speculations. This clarification follows a significant price movement in its stock and the recent announcement of Q1 FY27 results and management changes, including the elevation of Avadhut Ketkar as MD & CEO.

Oracle Financial Services Software Ltd announced significant management changes following a Board of Directors 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 for a three-year term starting July 24, 2026. Mr. Manish Bhandari has been appointed as the new Chief Financial Officer. The Board also approved the reconstitution of various committees.

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.

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.

Oracle Financial Services Software Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a total income of ₹26,292 million and a net profit of ₹13,636 million for the period. Key management changes were also approved, including the appointment of Mr. Avadhut Ketkar as the new Managing Director and CEO, and Mr. Manish Bhandari as the new CFO. Mr. Makarand Padalkar resigned as MD & CEO, effective July 23, 2026. The board also approved the appointment of Mr. Andrew Mark Morawski as an Additional Director.

Oracle Financial Services Software Ltd announced the outcome of its Board Meeting held on July 22, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Key management changes were also approved, including the appointment of Mr. Andrew Mark Morawski as an Additional Director and Mr. Avadhut Ketkar as the new Managing Director and Chief Executive Officer for a three-year term. Mr. Makarand Padalkar resigned as MD & CEO, effective July 23, 2026, with the board expressing appreciation for his contributions. Mr. Manish Bhandari was appointed as the new Chief Financial Officer. The board also approved the reconstitution of various committees.

Oracle Financial Services Software Limited (OFSS) announced its unaudited consolidated financial results for the quarter ended June 30, 2026. Revenue surged by 69% year-on-year to ₹3,125 Crore, while net income saw a substantial increase of 121% to ₹1,416 Crore. The company also reported significant growth in its products business, up 75% YoY. Key executive changes were announced, with Mr. Avadhut Ketkar appointed as the new Managing Director & CEO, succeeding Mr. Makarand Padalkar. The company highlighted several new client agreements and expansions, underscoring its strong business momentum and AI-first strategy.

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.

Oracle Financial Services Software Ltd has announced that its Board of Directors will convene on July 22, 2026. The primary agenda item for this meeting is the consideration and approval of the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. This announcement is made in compliance with SEBI regulations, and the company will also publish this information on its website.

Oracle Financial Services Software Ltd (OFSS) announced that its Nomination and Remuneration Committee has granted 6,494 OFSS Stock Units (OSUs) and 3,660 Stock Options under its OFSS Stock Plan 2014. These grants are made to an employee of the company. The vesting and exercise periods for these awards will be in accordance with the terms defined in the Plan. This information is intended for reference and records and will also be published on the company's website.