Shekhar Bajaj to step down as Executive Chairman on December 31, 2026

Kmp ResignedManagement Changes View source PDF Explain this filing

BAJAJELEC · price

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

-1.1%Reaction day

₹287.00

prior close

₹287.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.7% vs market

Household Appliances peers, median of 23sector+0.3%-1.3% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.3 pts less than its Household Appliances 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

+1.4

15m

+1.2

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.7-1.7+0.3-1.3

Next day

-7.8pendingpending-2.3-5.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 23Pending

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

AI summary

Shekhar Bajaj has resigned as Executive Chairman and Whole-time Director, effective at close of business on December 31, 2026, as part of planned succession. His resignation does not include leaving the board. Subject to approvals, he is willing to continue as a non-executive, non-independent director from January 1, 2027. He also requested waiver of the unserved notice period.

Likely market impact

The leadership handoff could create some short-term uncertainty, but keeping Shekhar Bajaj on the board may support continuity.