Announced Sat, 16 May, 2026 · 16:18 IST

Admach Systems Limited has informed the Exchange regarding Resignation of Chief Financial Officer (Key Managerial Personnel) of the Company

Cfo ResignedKmp ResignedManagement 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

+1.1%Reaction day

₹249.70

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+2.4% vs market

Industrial Products peers, median of 130sector-1.7%+2.8% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.8 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.1-1.4+2.4-1.7+2.8

Next day

+4.9-0.9+5.8-0.8+5.7

+5.1-0.3+5.5-0.8+6.0

+8.1+0.8+7.4-0.4+8.5

+4.5+0.9+3.7-0.2+4.8

+2.5+2.5+0.1+1.2+1.3

+10.9+3.1+7.8+1.3+9.7

15d

+17.7+3.5+14.3-0.2+18.0

+21.7+8.0+13.8+1.7+20.0

+59.7+9.3+50.4+3.3+56.4

+52.2+14.0+38.2+2.5+49.7

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 130Pending

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

AI summary

Mr. Shivdas Anandrao Shinde has resigned as the Chief Financial Officer (CFO) and Key Managerial Personnel of Admach Systems Ltd with effect from 16th May 2026. The resignation is due to pre-occupation and other personal reasons. The company has confirmed there are no other material reasons behind the departure. The CFO held no shareholding in the company. The resignation will be placed before the Board of Directors for noting at the upcoming meeting.

Likely market impact

The sudden departure of the CFO could raise concerns about financial oversight and governance stability, especially given the immediate effective date. Investors should monitor for the appointment of a replacement CFO, which is essential for regulatory compliance as a listed company.