PSP Projects Limited has informed the Exchange regarding Cessation of Mr Prahaladbhai S. Patel as Chief Executive Officer of the company w.e.f. August 05, 2025.

CEO resignedManagement Changes View source PDF Explain this filing

PSPPROJECT · price

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

+0.7%Reaction day

₹704.00

prior close

₹705.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+1.8% vs market

Civil Construction peers, median of 84sector-1.5%+2.2% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.2 pts more than its Civil Construction 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

+0.4

10m

+0.7

15m

+0.3

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7-1.1+1.8-1.5+2.2

Next day

-1.2-1.4+0.2-1.8+0.5

-4.5-2.2-2.3-2.1-2.4

-4.5-2.0-2.5-1.8-2.7

-6.6-2.0-4.6-2.0-4.6

-6.2-1.4-4.8-2.2-4.0

-5.5-0.7-4.9-1.6-3.9

15d

-2.9-2.5-0.3-4.4+1.5

+2.8+0.3+2.5-2.1+4.9

+9.7-0.7+10.3-2.1+11.8

+32.7-0.6+33.3-6.3+39.0

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 84Pending

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

AI summary

PSP Projects Limited has informed the stock exchange that Mr. Prahaladbhai S. Patel has ceased to be the Chief Executive Officer of the company with effect from August 5, 2025. Mr. Patel is the founder-promoter of the company and has led PSP Projects since its inception. The company has not yet disclosed details regarding his successor or the reasons behind his exit in this filing. PSP Projects is a Gujarat-based construction and infrastructure company listed on NSE and BSE.

Likely market impact

The exit of a promoter-CEO is a material leadership change and may be viewed negatively by the market in the short term due to uncertainty over succession and strategic continuity. Shareholders should watch for further updates on a replacement and any reasons disclosed for the departure.