CEO change and one-year production suspension of division with 64.14% of turnover

Ceo ResignedCeo Appointed ExternalManagement Changes View source PDF Explain this filing

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

-4.8%Reaction day

₹62.50

prior close

₹62.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-5.4% vs market

Plywood Boards/ Laminates peers, median of 12sector+0.7%-5.5% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.5 pts less than its Plywood Boards/ Laminates 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

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10m

-4.0

15m

-4.0

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8+0.7-5.4+0.7-5.5

Next day

-2.6pendingpending-1.5-1.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 12Pending

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

AI summary

Rama Krishna Raju Gottumukkala resigned as CEO on October 28, 2026 but remains Managing Director and a board member. Venkatraman Krishnamurthi was appointed CEO the same day. The board temporarily suspended Eco Build manufacturing for one year due to losses, raw material shortages and poor viability. Eco Build generated Rs 1,533.17 lakh, or 64.14% of FY2025-26 turnover. Management will assess restructuring and shift resources to the Eco Energy division.

Likely market impact

Eco Build's 64.14% turnover share creates major revenue risk, but stopping its losses may help profits; the CEO change adds execution risk.