Announced Sat, 29 Aug · 16:14 IST
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 PDFExplain this filing
ANNAPURNA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹144.50
prior close
₹143.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——+0.2+0.2+0.6-0.1+2.7-3.1-0.4-5.2————
Up moveDown movePending
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.