Announced Fri, 1 May, 2026 · 17:09 IST

Resignation of Mr. Archit Patodi (dated 01st May 2026 ) from CFO and KMP of the Company w.e.f 04th May 2026

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

Price

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▲ 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

+3.1%Reaction day

₹25.95

prior close

₹27.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.5%+1.6% vs market

Other Textile Products peers, median of 182sector+0.6%+2.5% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.5 pts more than its Other Textile Products 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

-2.6

10m

-8.5

15m

-8.5

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+1.5+1.6+0.6+2.5

Next day

-4.0+1.4-5.4+0.4-4.5

-2.9+3.0-5.9+0.5-3.4

+0.1+4.6-4.5+1.6-1.6

+1.7+4.5-2.9+0.9+0.8

+4.4+3.0+1.4+0.0+4.4

+11.9+0.6+11.4-1.7+13.6

15d

-5.5+2.9-8.4-2.0-3.5

+0.2+4.1-3.9-1.9+2.1

+20.8+10.5+10.4-1.6+22.5

+26.8+11.6+15.2-3.4+30.2

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 182Pending

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

AI summary

ATVO Enterprises Limited (formerly Vandana Knitwear Limited) announced the resignation of Mr. Archit Patodi as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on May 4, 2026. Mr. Patodi cited personal reasons for his resignation and confirmed there are no other material reasons beyond those stated. The company has stated it is in the process of appointing a new CFO and will communicate the appointment to the stock exchange in due course. The resignation was submitted on May 1, 2026, and the company confirmed compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Likely market impact

The departure of the CFO creates a leadership gap in the finance function until a replacement is appointed. Investors should monitor for the upcoming CFO appointment announcement, as a prolonged vacancy could raise concerns about governance and operational continuity.