Yaap Digital Limited Appoints Laxmiraj Seetharam Nayak as Chairman & Managing Director, Reconstitutes Board Committees

Yaap Digital Limited Appoints Laxmiraj Seetharam Nayak as Chairman & Managing Director, Reconstitutes Board Committees​

Yaap Digital Limited, formerly known as Yaap Digital Private Limited, has announced significant changes to its board structure. Following a board meeting held on July 14, 2026, the company appointed Mr. Laxmiraj Seetharam Nayak as an Additional Director and Chairman & Managing Director, alongside reconstituting three key board committees.

The appointment of Mr. Nayak comes in response to the sudden demise of Mr. Atul Hegde, who previously held the role of Chairman & Managing Director. His appointment is intended to oversee the day-to-day affairs of the company.

Key Appointments and Tenure Details​

Mr. Laxmiraj Seetharam Nayak has been appointed as an Additional Director of Yaap Digital Limited with effect from July 14, 2026. This role carries status up to the date of the next Annual General Meeting. Subsequently, he was appointed as the Chairman & Managing Director for a period of three years, effective from July 14, 2026.

The appointment is supported by Mr. Nayak’s extensive professional background and expertise in media and business leadership. With over three decades of experience, Mr. Nayak possesses deep knowledge across corporate governance, digital transformation, brand building, and organizational culture. His career includes senior roles at STAR TV, NDTV Media Pvt. Ltd., and Viacom18 Media Pvt. Ltd. He is also the Founder and Managing Director of House of Cheer Networks Private Limited and founded happyness.me and Happiest Places to Work®.

Mr. Nayak holds several industry leadership positions, including President of The Advertising Club and the International Advertising Association (IAA) India Chapter. His contributions have been recognized with prestigious honors such as the Media Person of the Year award at the IAA Leadership Awards. Furthermore, Mr. Nayak is not related to any existing Director of the Company and is not debarred from holding a directorial position by SEBI or any other authority.

Board Committee Reconstructions​

The Board meeting on July 14, 2026, approved the reconstitution of three important committees: the Corporate Social Responsibility Committee, the Audit Committee, and the Stakeholders Relationship Committee.

The membership details for each committee are as follows:

Corporate Social Responsibility Committee Members:

Audit Committee Members:

Stakeholders Relationship Committee Members:

YAAP Stock Price Movement​

Yaap Digital Limited shares slipped by 4.64% today, settling at ₹142.8 in post-market trading. The stock spent the session within a tight range, touching a day low of ₹142.5 while reaching an intraday high of ₹146.