MD and CTO resign; new MD and Independent Director appointed
AQYLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.8 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Two senior leaders resigned effective Sept 3, 2026: MD Mr. Srivatsava Sunkara and Executive Director and CTO Mr. Kiran Kumar Inampudi, both for personal and professional reasons. Next day, Mr. Parth Rajeshbhai Rupareliya (cousin of existing director Mr. Vishnu Rupareliya) was appointed as MD and Chairperson. Mr. Krunal Shaileshbhai Hapliya joined as Non-Executive Independent Director.
Same-day exit of MD and CTO raises succession concerns. New MD is a relative of existing director, suggesting family-led transition.