Key Management Changes

1. Resignation of Mr. Hitesh Oberoi

  • Mr. Hitesh Oberoi (DIN: 01189953) resigned from his positions as Managing Director and Chief Executive Officer (Key Managerial Personnel)
  • Effective from close of business hours on December 2, 2026
  • Reason: To devote more time to personal interests in education, entrepreneurship, institution building, investing, philanthropy, and family
  • Tenure: Nearly 27 years with Info Edge, including over 16 years as MD & CEO

2. Appointment of Mr. Hitesh Oberoi as Additional Director

  • Appointed as Additional Director, designated as Non-Executive, Non-Independent Director under Promoter Category
  • Effective from December 3, 2026, subject to shareholder approval
  • Liable to retire by rotation
  • Purpose: To continue benefiting from his extensive experience and institutional knowledge

3. Appointment and Re-designation of Mr. Sanjeev Bikhchandani

  • Appointed and re-designated as Executive Vice Chairman, Managing Director and Group Chief Executive Officer (Key Managerial Personnel)
  • Effective from December 3, 2026 until April 26, 2031 (co-terminus with existing term approved by shareholders on August 25, 2025)
  • Subject to shareholder approval
  • Not liable to retire by rotation

Board Meeting Details

  • Meeting held on October 28, 2026
  • Commenced at 10:30 a.m. (IST) and concluded at 01:45 p.m. (IST)
  • Decisions based on recommendations of Nomination and Remuneration Committee

Director Qualifications

  • Both Mr. Hitesh Oberoi and Mr. Sanjeev Bikhchandani are not debarred from holding office of Director by virtue of any SEBI order or order of any other authority
  • Neither director is related to any other directors of the Company

Company Background Context

During Mr. Oberoi's 16-year tenure as CEO:

  • Market capitalization grew from approximately ₹2,500 crore to approximately ₹80,000 crore
  • Naukri strengthened position as India's leading online recruitment platform
  • Businesses including 99acres, Jeevansathi, Shiksha and Jobhai were built and scaled
  • Company developed broad leadership team across businesses
  • Businesses generate substantial cash, allowing evolution into important investor in India's startup ecosystem

Shareholder Approval Requirements

All appointments are subject to approval of members of the Company.

Additional Documents

  • Resignation letter dated October 27, 2026 from Mr. Hitesh Oberoi
  • Press release titled "Info Edge Announces Leadership Transition"
  • Director profiles available at company website: https://www.infoedge.in/About/BoardOfDirectors

Filing Details

  • Filed with National Stock Exchange of India Limited and BSE Limited
  • Uploaded on company website at www.infoedge.in
  • Signed by Jaya Bhatia, Company Secretary & Compliance Officer