Announced Sat, 14 Mar · 17:27 IST

as per the attached document

Cfo ResignedManagement Changes View source PDF

Price

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▲ 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

+7.6%1-day move

₹43.80

prior close

₹43.20

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.5+2.9+0.7+0.7+7.6+23.3+26.6+27.8+21.6+21.1+0.1-4.6-28.1-22.3

Up moveDown movePending

AI summary

Mr. Santosh Baburao Ugale has resigned as the Chief Financial Officer of Asgard Alcobev Limited effective 14th March 2026. He was appointed as CFO on 22nd October 2024, meaning his tenure lasted roughly 17 months. No specific reason for the resignation has been disclosed, and the company has stated there are no other material reasons. The company has confirmed it will file all necessary intimations in due course and assist with a smooth transition. The resignation has been filed under SEBI Listing Regulations (Regulation 30).

Likely market impact

Short-term uncertainty for shareholders as the company searches for a new CFO, especially given the brief 17-month tenure. No material governance concerns were flagged, and the transition appears orderly, but investors should watch for the appointment of a replacement.