MD steps down on health grounds, son named new MD and grandson becomes CFO

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

ASIANTNE · price

Loading chart…

▲ 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

+13.3%Reaction day

₹9.70

prior close

₹9.99

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+13.0% vs market

Trading & Distributors peers, median of 132sector+0.0%+13.3% vs sector

On the reaction day the stock moved 13.0 pts more than Nifty Microcap 250 and 13.3 pts more than its Trading & Distributors 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

—

10m

—

15m

+5.1

30m

+6.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+13.3+0.3+13.0+0.0+13.3

Next day

+7.0+0.6+6.4-0.1+7.1

+4.3-0.4+4.7-1.4+5.7

+0.5-0.9+1.5-1.6+2.1

+0.6-0.3+1.0-1.3+1.9

+0.4+0.3+0.1-0.8+1.2

-3.3+1.3-4.6-1.5-1.8

15d

-5.2-0.1-5.0-2.6-2.5

-5.2-1.2-3.9-3.0-2.2

-9.9-7.7-2.2-8.4-1.5

—————

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 132Pending

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

AI summary

MD Hariram Garg steps down effective 28 Sep 2026 due to health issues, continues as Chairman and Non-Executive Director. His son Sunil Garg, currently Non-Executive Director, to be appointed MD for 5 years. Grandson Raunak Garg appointed CFO from 7 Sep 2026, replacing Rajesh Garg who resigned due to pre-occupation. Independent Director Akhil Kumar Manglik reappointed for 5 years. All changes need shareholder approval.

Likely market impact

Clear promoter family succession; next generation taking over top executive roles while founder remains as Chairman.