CEO change: Narasimhan exits, Anandani appointed

CEO resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

COLPAL · price

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

-1.1%Reaction day

₹1910.00

prior close

₹1907.90

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%-1.2% vs market

Personal Care peers, median of 14sector-0.1%-1.0% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 1.0 pts less than its Personal Care 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

-0.4

10m

-0.7

15m

-0.6

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.1-1.2-0.1-1.0

Next day

-1.6+0.1-1.8-0.4-1.3

-2.1+0.6-2.7-0.8-1.3

-2.0+0.6-2.7-1.5-0.5

-3.3+0.5-3.8-1.8-1.5

-4.2+0.5-4.7-2.9-1.3

-3.3-0.6-2.8-2.3-1.0

15d

-5.9-2.3-3.6-2.9-3.0

-1.6-2.4+0.9-5.5+3.9

-9.9-9.4-0.6-5.2-4.7

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UpDownMarket · Nifty Midcap 150Sector · Personal Care peers, median of 14Pending

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

AI summary

The board noted Ms. Prabha Narasimhan's resignation as Managing Director and CEO, effective September 27, 2026, following her promotion to Executive Vice President, Marketing, Asia-Pacific, at Colgate-Palmolive. Mr. Manish Anandani will succeed her from September 28, 2026 for five years, subject to shareholder and statutory approvals. He joins from Kenvue and has 30 years of experience.

Likely market impact

The planned handover supports continuity. Investors will watch shareholder approval, Anandani's strategy and the stock's reaction to the leadership change.