Board reshuffle: CEO and CFO resign, new CEO and CS appointed

Ceo ResignedCfo ResignedKmp ResignedCeo Appointed ExternalManagement Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+4.8%Reaction day

₹9.24

prior close

₹9.66

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+6.4% vs market

Iron & Steel Products peers, median of 104sector-1.0%+5.8% vs sector

On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250 and 5.8 pts more than its Iron & Steel Products 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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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8-1.6+6.4-1.0+5.8

Next day

+9.7-1.0+10.7-0.7+10.4

+15.4-2.6+18.0-2.2+17.6

+16.3-5.1+21.5-4.2+20.6

+18.2-6.1+24.3-6.2+24.3

+21.8-8.3+30.1-8.4+30.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

Afloat Enterprises (formerly Adishakti Loha and Ispat) announced board changes on Oct 14, 2026. Director Pawan Kumar Mittal resigned for personal reasons. CEO and CFO Anshu Aggarwal also stepped down with immediate effect. The board appointed Ashish Kumar as new CEO and Seema Kushwaha as Company Secretary on the same day.

Likely market impact

Sudden exit of CEO, CFO and a director in a single board meeting raises governance questions for retail shareholders.