Shares of Quick Heal Technologies Limited fell close to 2% on Wednesday after the company announced the resignation of its Chief Executive Officer and Key Managerial Personnel, Vishal Salvi. The stock opened lower and was trading at ₹381.00, down 1.96%, compared to the previous close of ₹388.60 on the NSE.
In an exchange filing dated July 9, 2025, Quick Heal informed that Vishal Salvi has resigned to pursue an alternative career path. His resignation will be effective from August 31, 2025, as per the regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.
Salvi, who has served as the CEO, decided to step down to explore new professional opportunities. The company clarified in its filing that there are no material concerns about the management or governance of the company linked to his departure.
The stock touched an intraday low of ₹373.20 and a high of ₹384.80 during early trade today. Its market capitalization stood at approximately ₹20.59 billion with a P/E ratio of 419.56.
While the management transition comes at a time when the company continues to operate in a competitive cybersecurity landscape, Quick Heal has reassured stakeholders that it remains committed to its strategic goals and business continuity.
The Board of Directors is expected to initiate the process of appointing a new CEO in due course. Investors are now watching for further updates on the leadership transition and its impact on the company’s future growth trajectory.
