AXISCADES appoints Uttam Kumar Bhageria as CFO-Designate

Management Changes View source PDF Explain this filing

AXISCADES · price

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

-1.0%Reaction day

₹2122.10

prior close

₹2126.60

announcement price

After-mkt

timing

Nifty Microcap 250market-1.7%+0.6% vs market

Aerospace & Defense peers, median of 25sector-2.3%+1.3% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.3 pts more than its Aerospace & Defense 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

+0.3

10m

-0.9

15m

-1.4

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-1.7+0.6-2.3+1.3

Next day

-7.4-4.2-3.2-5.8-1.6

-7.7-5.2-2.5-7.8+0.1

-8.8-7.4-1.4-9.9+1.0

-9.8-7.0-2.8-7.7-2.1

-7.0-5.5-1.5-5.3-1.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 25Pending

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

AI summary

AXISCADES Technologies board appointed Mr. Uttam Kumar Bhageria as CFO-Designate effective October 21, 2026. Current Group CFO Mr. Shashidhar SK will retire on December 31, 2026 due to superannuation. Mr. Bhageria will assume the CFO role from January 1, 2027. He has 20 plus years of finance leadership experience and previously led a Rs 3,000 crore acquisition and 5x market cap growth.

Likely market impact

Planned CFO succession. Current CFO retiring on superannuation, smooth handover to experienced finance leader expected.