CEO, CFO and company secretary resign amid internal reorganisation

CEO resignedCFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

HINDWAREAP · price

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹168.46

prior close

₹168.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Consumer Durables peers, median of 204sector · industry level+1.2%+1.4% vs sector

On the reaction day the stock moved 1.4 pts more than its Consumer Durables peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.3

10m

+3.2

15m

+3.4

30m

+3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7pendingpending+1.2+1.4

Next day

———+0.6—

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15d

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UpDownMarket · Nifty Microcap 250Sector · Consumer Durables peers, median of 204Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Naveen Malik resigned as Chief Executive Officer and Chief Financial Officer, while Payal M Puri resigned as Company Secretary and Compliance Officer, effective November 4, 2026. Both are key managerial personnel. They will transfer to subsidiary Hindware Limited and continue as its Chief Financial Officer and Company Secretary, respectively.

Likely market impact

The exits create a management transition at the listed company, although both executives continue in senior roles at subsidiary Hindware Limited.