MD and CEO resign on same day; promoter Ritesh Shaw takes over as MD and CEO

Ceo ResignedKmp ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

ANNAPURNA · price

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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

+2.4%Reaction day

₹144.50

prior close

₹143.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+2.1% vs market

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250, 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

-1.1

10m

+0.0

15m

+0.2

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.4+0.3+2.1

Next day

+0.6-0.7+1.2

-0.1-1.2+1.2

+2.7-0.7+3.3

-3.1+0.0-3.1

-0.4+0.4-0.9

-5.2+0.8-6.0

15d

-8.7-0.0-8.7

-9.2-0.8-8.4

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

On August 29, 2026, Managing Director Shreeram Bagla resigned to focus on charitable work at his native place, and CEO Rohit Singhania stepped down to concentrate on sales as Group Sales Head. Both cited personal reasons and stated no disagreements with the board. Promoter Ritesh Shaw, a Chartered Accountant, has been redesignated as Managing Director and appointed as CEO, ensuring promoter-led continuity at the top.

Likely market impact

Both exits are voluntary and amicable. Promoter-led continuity may reassure investors, though simultaneous top leadership change warrants close monitoring in coming quarters.