Announcement under Regulation 30 (LODR)- Resignation of Chief Financial Officer

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

-7.0%Reaction day

₹25.85

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-5.8% vs market

Paper & Paper Products peers, median of 39sector-0.7%-6.3% vs sector

On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 6.3 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 39Pending

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AI summary

Aten Papers & Foam Limited has informed BSE that Mr. Aejazkhan Haamedkhan Pathan has resigned from the post of Chief Financial Officer (CFO) of the company, effective October 13, 2025. The reason cited for his departure is 'pre-occupation elsewhere,' and the outgoing CFO has confirmed there are no other material reasons behind his exit beyond what is stated in his resignation letter. The company has attached the resignation letter as required under SEBI's Regulation 30 read with the relevant circular dated July 11, 2023. The filing was signed by Mohamedarif Mohamedibrahim Lakhani, Managing Director (DIN: 01476177). No successor or replacement CFO has been announced in this filing.

Likely market impact

CFO resignations at small-cap companies can create short-term uncertainty around financial reporting continuity and leadership stability, though the stated reason appears non-controversial. Investors should watch for a timely appointment of a new CFO, as prolonged vacancies in key finance roles may raise governance concerns or delay financial disclosures.