Span Divergent Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Viral Desai

Chief executive officer

₹3.4m

Total compensation

CEO salary percentage	88.9%
CEO tenure	20.9yrs
CEO ownership	12.6%
Management average tenure	no data
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Viral Desai's remuneration changed compared to Span Divergent's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹10m
Dec 31 2023	n/a	n/a	-₹35m
Sep 30 2023	n/a	n/a	-₹37m
Jun 30 2023	n/a	n/a	-₹49m
Mar 31 2023	₹3m	₹3m	-₹51m
Dec 31 2022	n/a	n/a	-₹108m
Sep 30 2022	n/a	n/a	-₹109m
Jun 30 2022	n/a	n/a	-₹89m
Mar 31 2022	₹3m	₹3m	-₹98m
Dec 31 2021	n/a	n/a	-₹23m
Sep 30 2021	n/a	n/a	-₹31m
Jun 30 2021	n/a	n/a	-₹54m
Mar 31 2021	₹3m	₹3m	-₹56m
Dec 31 2020	n/a	n/a	-₹52m
Sep 30 2020	n/a	n/a	-₹64m
Jun 30 2020	n/a	n/a	-₹58m
Mar 31 2020	₹5m	₹4m	-₹78m
Dec 31 2019	n/a	n/a	-₹115m
Sep 30 2019	n/a	n/a	-₹130m
Jun 30 2019	n/a	n/a	-₹130m
Mar 31 2019	₹6m	₹5m	-₹122m
Mar 31 2018	₹9m	₹7m	-₹125m

Compensation vs Market: Viral's total compensation ($USD40.71K) is about average for companies of similar size in the Indian market ($USD38.05K).

Compensation vs Earnings: Viral's compensation has been consistent with company performance over the past year.

CEO

Viral Desai (56 yo)

20.9yrs

Tenure

₹3,397,000

Compensation

Mr. Viral Pradipkumar Desai serves as Managing Director and Executive Director of Span Divergent Limited formerly known as Span Diagnostics Limited. Mr. Desai joined Span Diagnostics Ltd on August 11, 1991...

Board Members

Name	Position	Tenure	Compensation	Ownership
Pradipkumar Desai	Founder & Chairman of the Board	9.3yrs	₹10.00k	42.77% ₹ 65.9m
Viral Desai	MD & Executive Director	20.9yrs	₹3.40m	12.6% ₹ 19.4m
Paras Desai	CFO & Executive Director	3.6yrs	₹4.19m	0.037% ₹ 56.4k
Sanjay Mehta	Non-Executive Director	no data	₹35.00k	2% ₹ 3.1m
Nirav Jogani	Independent Non-Executive Director	less than a year	no data	no data
Shefali Desai	Non-Executive & Non-Independent Woman Director	1.8yrs	₹10.00k	no data
Rajendra Chokhawala	Non-Executive Independent Chairman of the Board	less than a year	no data	no data
Jigneshkumar Desai	Independent Non-Executive Director	less than a year	no data	no data

1.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 524727's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Span Divergent Management

Management criteria checks 2/4

Key information

Recent management updates

Span Divergent Limited, Annual General Meeting, Sep 26, 2024

Span Divergent Limited Announces Retirement of Directors

High number of new directors

Span Divergent Limited Approves Board Appointments

Span Divergent Limited, Annual General Meeting, Sep 28, 2023

Span Divergent Limited Appoints Ms. Urvi Shinde as Whole Time Company Secretary and Compliance Officer

Recent updates

Investor sentiment improves as stock rises 16%

Full year 2024 earnings released: EPS: ₹1.43 (vs ₹9.25 loss in FY 2023)

Span Divergent Limited, Annual General Meeting, Sep 26, 2024

Span Divergent Limited to Report Q4, 2024 Results on May 16, 2024

New minor risk - Share price stability

New major risk - Financial position

Third quarter 2024 earnings released: EPS: ₹0.12 (vs ₹0.47 loss in 3Q 2023)

Span Divergent Limited Announces Retirement of Directors

Second quarter 2024 earnings released: ₹0.55 loss per share (vs ₹2.91 loss in 2Q 2023)

New major risk - Negative shareholders equity

High number of new directors

Span Divergent Limited Approves Board Appointments

First quarter 2024 earnings released

Span Divergent Limited to Report Q1, 2024 Results on Aug 10, 2023

Full year 2023 earnings released: ₹9.93 loss per share (vs ₹17.94 loss in FY 2022)

Span Divergent Limited, Annual General Meeting, Sep 28, 2023

Span Divergent Limited to Report Q4, 2023 Results on May 22, 2023

Third quarter 2023 earnings released: ₹0.47 loss per share (vs ₹0.74 loss in 3Q 2022)

Span Divergent Limited Appoints Ms. Urvi Shinde as Whole Time Company Secretary and Compliance Officer

Span Divergent Limited to Report Q3, 2023 Results on Feb 09, 2023

Span Divergent Limited, Annual General Meeting, Sep 29, 2022

First quarter 2023 earnings released: EPS: ₹0.07 (vs ₹1.44 loss in 1Q 2022)

Span Divergent Limited Appoints Shefali Desai as an Additional Director (Woman Non-Executive Non Independent Director)

Span Divergent Limited to Report Q4, 2022 Results on May 13, 2022

Less than half of directors are independent

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Span Divergent Limited to Report Q3, 2022 Results on Feb 11, 2022

Second quarter 2022 earnings released: EPS ₹0.60 (vs ₹3.31 loss in 2Q 2021)

First quarter 2022 earnings released: ₹1.44 loss per share (vs ₹2.03 loss in 1Q 2021)

Full year 2021 earnings released: ₹11.28 loss per share (vs ₹14.23 loss in FY 2020)

Mohammed Bhamjee entered into a share purchase agreement to acquire Span Diagnostics South Africa (Pty) Limited from Span Divergent Limited (BSE:524727) for ZAR 1000.

New 90-day low: ₹12.15

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

Third quarter 2021 earnings released: ₹2.42 loss per share (vs ₹2.85 loss in 3Q 2020)

Span Divergent Limited Announces Resignation of Sushil Shah as Independent Director

Span Divergent Limited to Report Q3, 2021 Results on Feb 06, 2021

New 90-day high: ₹17.22

New 90-day high: ₹12.15

Second quarter 2021 earnings released: ₹3.31 loss per share

Span Divergent Limited to Report Q2, 2021 Results on Nov 10, 2020

New 90-day low: ₹9.04

First quarter earnings released

Full year earnings released - ₹14.23 loss per share

Span Divergent Limited to Report Q1, 2021 Results on Sep 14, 2020

New 90-day high - ₹11.49