Kunal Malani moves to strategy; Gandharv Tongia becomes Group CFO

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

-1.0%Reaction day

₹108.00

prior close

₹108.80

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.6%-0.4% vs market

Auto Components & Equipments peers, median of 108sector-0.2%-0.8% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.8 pts less than its Auto Components & Equipments 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

-0.5

10m

-0.3

15m

-1.0

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-0.6-0.4-0.2-0.8

Next day

-2.4-1.2-1.2-0.4-1.9

-1.8-0.9-0.9+0.2-2.0

-3.2-1.5-1.7-0.0-3.2

-3.7-2.0-1.7-1.3-2.4

-3.5-2.0-1.4-1.6-1.8

-2.0-1.3-0.8-1.6-0.4

15d

+1.7-0.3+2.1-3.0+4.7

+7.7+0.2+7.5-2.7+10.3

+10.7-0.7+11.5-4.8+15.6

+4.2-2.9+7.1-9.2+13.4

UpDownMarket · Nifty 100Sector · Auto Components & Equipments peers, median of 108Pending

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

AI summary

Effective November 15, 2025, Kunal Malani will move from CFO to President, Group Strategy and Transformation, leaving the CFO role after November 14. The Board appointed Chartered Accountant and Company Secretary Gandharv Tongia as Group CFO. Tongia has over 20 years of finance and transformation experience. The press release says Hemant Barge joins as Chief Procurement Officer.

Likely market impact

The CFO transition is orderly, but no financial guidance or direct near-term earnings or share-price impact was provided.