Appointment of CFO

Management Changes View source PDF Explain this filing

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

+2.0%Reaction day

₹505.00

prior close

₹511.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.3% vs market

Auto Components & Equipments peers, median of 108sector-0.9%+2.9% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.9 pts more 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

+0.0

10m

+1.8

15m

+2.5

30m

+2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0-0.3+2.3-0.9+2.9

Next day

+0.2-0.5+0.8-1.0+1.2

-1.3-0.8-0.5-1.6+0.2

-1.2-0.6-0.6-1.6+0.4

-1.0+0.1-1.1-1.2+0.2

+1.7-0.5+2.2-2.5+4.1

-4.2-0.6-3.6-2.7-1.6

15d

+1.6+1.3+0.3-1.8+3.4

-6.3-0.2-6.0-3.2-3.1

+5.6-6.8+12.3-7.1+12.7

+12.8-3.4+16.3-6.0+18.9

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 108Pending

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

AI summary

Bhagwati Autocast Ltd has appointed Mr. Kamlesh Prajapati as its new Chief Financial Officer (CFO) effective October 3, 2025, following a board meeting and on the recommendation of the Audit Committee. Mr. Prajapati is a Chartered Accountant with over 29 years of experience in accounts, finance, fund raising, taxation, audit, IFRS/IndAS compliance, and risk management. He is not related to any existing directors or key managerial personnel of the company and holds no shares in it. The announcement was made under SEBI LODR Regulation 30 disclosure requirements.

Likely market impact

A new CFO appointment with strong finance and compliance experience could bring stability and improved financial controls, but the market impact is likely neutral as no strategic direction change has been indicated.