Info Edge (India) Ltd. announces a leadership change

Sanjeev Bikhchandani’s appointment as Executive Vice Chairman, MD and Group CEO is stated to run until 26 April 2031, subject to shareholder approval, aligning with his existing approved term. ^[1]

The regulatory filing does not specify a separate transition or handover period, nor any overlap in executive responsibilities:

• Hitesh Oberoi’s full-time MD and CEO role ends at the close of business on 2 December 2026. ^[2]
• Bikhchandani’s appointment takes effect on 3 December 2026, subject to shareholder approval. ^[3]
• Oberoi is proposed to continue from 3 December as a Non-Executive, Non-Independent Director, rather than retain an executive role. ^[2]

Therefore, the filing indicates a back-to-back transition rather than a defined executive overlap. Continuity is envisaged through Oberoi’s continued board association and availability for advice, but no formal duration, handover protocol, or concurrent executive mandate is specified. ^[4]

The filing discloses a change in executive roles and board status, but no specific revision to KMP remuneration.

• Hitesh Oberoi: He will cease to be Managing Director and CEO, and therefore exit those KMP roles, at the close of business on December 2, 2026. From December 3, 2026, the Board approved his appointment as an Additional Director, designated Non-Executive, Non-Independent Director under the Promoter Category, liable to retire by rotation, subject to shareholder approval. ^{[2] [2]}
• Sanjeev Bikhchandani: He will be appointed and re-designated as Executive Vice Chairman, Managing Director and Group Chief Executive Officer, becoming a KMP effective December 3, 2026, subject to shareholder approval. Unlike Oberoi’s proposed board position, he will not be liable to retire by rotation, subject to the terms of his appointment and applicable law. ^[3]
• Remuneration: The cited filing disclosure does not set out revised salary, commission, incentive, severance, sitting-fee or other remuneration terms for either executive. Accordingly, the disclosed accommodation is structural and governance-related—reallocation of executive authority and board roles—rather than a specified change in KMP remuneration. ^{[2] [3]}

The practical arrangement is therefore continuity-oriented: Bikhchandani assumes the operating KMP mandate, while Oberoi remains connected to the company at board level, pending member approval.