Board reshuffle: new MD and CFO appointed, existing MD moved to non-executive role

Ceo Appointed ExternalManagement 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

-3.2%Reaction day

₹0.93

prior close

₹0.92

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-3.4% vs market

Software Products peers, median of 41sector-0.0%-3.2% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.2 pts less than its Software 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

-1.1

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.2+0.2-3.4-0.0-3.2

Next day

+6.5+1.0+5.4-0.3+6.7

+7.5+0.7+6.8-0.5+8.0

+5.4+0.9+4.5+0.1+5.2

+4.3+0.2+4.1+0.2+4.1

+3.2-1.8+5.1-2.6+5.8

+2.2+1.4+0.7-1.4+3.5

15d

-2.2-0.6-1.5-4.0+1.8

-2.2+1.5-3.6-3.6+1.4

—+4.5—-4.9—

—+3.1—-5.3—

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 41Pending

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

AI summary

Avance Technologies reshuffled its board on 30 June 2026. Mr. Latesh Poojary moved from Managing Director to Non-Executive Director. Mr. Santosh Hambare was appointed as the new Managing Director for five years and also as CFO to complete the KMP composition. Mr. Dipak Gaikwad joined as an additional Non-Executive Independent Director for five years. All appointments need shareholder approval within three months.

Likely market impact

Leadership transition adds independent oversight and fills the CFO vacancy. New MD brings accounting expertise. Mildly positive for governance.