Allied Digital Services Limited Re-designates Paresh Shah as Chief Innovation Officer
Allied Digital Services Limited has announced a change in the role of Mr. Paresh Shah, redesignating him from Chief Executive Officer (CEO) to Chief Innovation Officer (CINO). The transition was formalized by the Board of Directors and is effective from July 01, 2026.The company confirmed that Mr. Paresh Shah ceased serving as the CEO on June 30, 2026. Following this cessation, he was appointed as the Chief Innovation Officer (CINO) starting July 01, 2026. This appointment is set against the backdrop of the Company's evolving business priorities and its sustained focus on innovation and technology advancement.
In his capacity as CINO, Mr. Shah will lead the company's research, strategic transformation, and innovation initiatives. He will continue to be part of the senior leadership team, reporting to the Chairman and maintaining a dotted-line reporting relationship with the Joint Managing Director.
The transition reflects a mutual agreement following the Board meeting held on June 18, 2026, which approved the redesignation. The Company expressed confidence that Mr. Shah's expertise and vision will continue to strengthen its innovation-led growth strategy. All other terms and conditions of his employment remain unchanged despite the change in designation and responsibilities.
ADSL Stock Price Movement
Today, Allied Digital Services Limited shares edged higher to close at ₹126.16, gaining 0.76% and reflecting solid momentum in the Information Technology sector. The stock recorded a trading volume of 123,969 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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