Appointment of CFO

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-5.0%Reaction day

₹22.89

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.4% vs market

Industrial Products peers, median of 302sector · industry level+0.1%-5.1% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.1 pts less 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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AI summary

Agarwal Fortune India Limited has appointed Mr. Aryan Khunteta as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, effective from September 8, 2025. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee. Mr. Khunteta is a semi-qualified CMA with a Bachelor's degree in Commerce and has experience in strategic financial planning, reporting compliance, and inventory management. The Board meeting was held on September 8, 2025, from 12:20 PM to 1:00 PM.

Likely market impact

This is a routine key managerial appointment that fills the CFO position, potentially strengthening financial oversight and compliance. It is a neutral governance update with no immediate material impact on shareholders or stock price.