Announcement under Regulation - Resignation of Chief Financial Officer

Cfo ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.0%Reaction day

₹115.05

prior close

₹111.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-0.9% vs market

Other Electrical Equipment peers, median of 49sector+0.4%-0.4% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.4 pts less than its Other Electrical Equipment peers, 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

+2.4

10m

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15m

+3.8

30m

+5.0

Sessions after the filingfrom the prior close

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Reaction day

-0.0+0.9-0.9+0.4-0.4

Next day

-3.3+0.9-4.2-0.2-3.1

-8.2-1.1-7.1-1.5-6.8

-7.0+0.7-7.7+0.2-7.2

-7.0-0.7-6.3-1.3-5.7

-7.3-1.8-5.4-2.0-5.2

-9.0+2.9-11.9+0.7-9.7

15d

-9.0+5.3-14.3+1.2-10.2

-15.0+7.1-22.1+1.7-16.7

-26.2+8.2-34.3-1.4-24.8

-26.3+11.7-38.1-0.8-25.6

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

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

AI summary

Artificial Electronics Intelligent Material Ltd announced that Mr. Muthusamy Palanisamy has resigned from the post of Chief Financial Officer effective June 3, 2026. The reason cited is restructuring and reorganization of management functions at the group level. At the same board meeting, the company appointed Mr. Girija Sankar Tripathy as the new CFO with effect from June 3, 2026. Mr. Tripathy brings over 15 years of experience in financial planning, corporate reporting, cost management, and internal controls across large manufacturing organizations. The outgoing CFO confirmed there are no other material reasons for his departure beyond those mentioned.

Likely market impact

This is an orderly CFO transition with an immediate replacement in place, so it likely has limited impact on ongoing operations. Shareholders should note that the resignation is linked to group-level restructuring, which may signal broader organizational changes; the new CFO's strong manufacturing finance background is relevant given the company's business profile.