CFO and CEO resign, director exits; new CEO and CS appointed

CFO resignedCEO resignedKey managerial personnel resignedDirector resignedManagement Changes View source PDF Explain this filing

Price

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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

Stock

+0.0

10m

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15m

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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

—-6.4—-6.7—

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

Board on Oct 14 2026 accepted resignation of Ms. Anshu Aggarwal from CEO, CFO and KMP roles due to personal reasons. Non-Executive Director Mr. Pawan Kumar Mittal also stepped down. Mr. Ashish Kumar appointed as new CEO; Ms. Seema Kushwaha joins as Company Secretary and Compliance Officer.

Likely market impact

Both CEO and CFO positions turned over in a single day; new leadership appointed immediately to maintain continuity at the small-cap firm.