Protean eGov Technologies Limited (PROTEAN) — Announcement | 4 August 2026(3 announcements)

Protean eGov Technologies announced the appointment of T R Chadha & Co. LLP as its new statutory auditor for five years starting FY2026-27, alongside approving unaudited standalone and consolidated financial results for Q1 FY2026. The filing confirms the auditor transition and includes limited review reports on the financials.

Protean eGov Technologies announced the appointment of M/s T R Chadha & Co. LLP as its new statutory auditor for five years starting FY2026-27, replacing BSR & Associates LLP, alongside releasing unaudited financial results for Q1 FY2026. The filing confirms board approval of both the auditor change and Q1 results, with the new auditor's profile highlighting its 80-year legacy and global presence.

Protean eGov Technologies presented its Q1FY27 investor deck highlighting 19% YoY revenue growth to ₹251 crore, driven by Tax and CRA services, while reporting a 75% PAT decline to ₹6 crore due to upfront AI and RFP implementation costs. The company emphasized strong market leadership in PAN issuance (62% share) and digital identity services, with cash reserves exceeding ₹800 crore and zero debt. Strategic priorities include monetizing AI-powered intelligence layers, expanding global DPI deployments, and scaling high-margin adjacencies through inorganic acquisitions. The filing underscores Protean's position as a custodian of critical Indian digital infrastructure with asset-light operations and dominant government partnerships.