CFO exits, MD gets CEO tag, promoter fund raise of about 30 crore approved

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

AUTOIND · price

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

-0.1%Reaction day

₹72.97

prior close

₹72.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.4% vs market

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250, 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

+1.2

10m

+1.4

15m

+1.6

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.1-0.5+0.4

Next day

-1.7-1.7-0.0

-4.0-4.0-0.1

-4.2-2.1-2.1

-5.4-2.7-2.7

+0.0-2.3+2.3

+0.0-1.5+1.6

15d

+8.9-1.8+10.7

+7.3+0.1+7.2

+8.3-3.3+11.6

-2.4-11.2+8.8

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Board approved CFO Uttam Kumar Biswas resignation effective December 31, 2025 for personal reasons. Venugopal Rao Pendyala (30 years experience, previously with Autoline) named new Group CFO from January 1, 2026. Managing Director Shivaji Akhade also appointed as CEO. Separately, Board approved raising about 30.4 crore via preferential issue of 10.5 lakh equity shares at Rs 75 each and 30 lakh warrants at Rs 75 each, all to Promoters and Promoter Group.

Likely market impact

Promoter-led fund raise signals confidence, but CFO exit and CEO dual role are points to watch for shareholders.