CFO elevated to CMD; sister appointed as new CFO

CFO resignedKey managerial personnel resignedPromoter family joins the boardManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.0%Reaction day

₹22.51

prior close

₹23.37

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-0.1% vs market

Fertilizers peers, median of 19sector+1.3%-0.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.3 pts less than its Fertilizers 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

-0.6

10m

-1.6

15m

-1.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+1.1-0.1+1.3-0.3

Next day

+4.4+1.4+3.0+2.2+2.3

+10.0+5.6+4.3+7.6+2.4

+12.6+5.6+7.0+7.6+5.0

+13.3+7.8+5.5+10.2+3.1

+11.6+7.8+3.8+9.7+1.8

+22.8+11.8+11.0+12.3+10.6

15d

+30.9+15.8+15.1+14.0+16.9

+26.7+18.9+7.8+14.7+12.0

+35.9+17.7+18.2+7.0+28.9

+17.4+27.5-10.1+9.7+7.7

UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 19Pending

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

AI summary

Bharat Agri Fert & Realty's CFO Mr. Vijal Yogendra Patel resigned on April 2, 2026, to be re-designated as Chairman & Managing Director from April 3. His sister Ms. Chandni Yogendra Patel (MBA from University of Aberdeen, Scotland) was appointed as new CFO from April 3. The CMD elevation requires shareholder approval via postal ballot. Chandni is also the daughter of existing Whole Time Director Mrs. Anjni Yogendra Patel, indicating a promoter family-led management transition.

Likely market impact

Family-led leadership reshuffle; CMD elevation subject to shareholder approval. New CFO is from promoter family, raising governance and succession-planning considerations.