CFO exits, new Group CFO and CEO appointed; promoter fund raise approved

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

AUTOIND · 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

-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 on Dec 3, 2025 accepted CFO Uttam Kumar Biswas resignation effective Dec 31 for personal reasons. Venugopal Rao Pendyala named Group CFO from Jan 1, 2026. MD Shivaji Akhade also appointed CEO. Company to issue 10.5 lakh equity shares to promoters at Rs 75 each (about Rs 7.88 crore), plus 30 lakh warrants at Rs 75 (up to Rs 22.5 crore) via preferential issue to promoters.

Likely market impact

Promoter infusion signals confidence in the business. CFO exit is personal but routine; top management changes worth watching closely.