Enclosed herewith Resignation of CFO.

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

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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 Ltd announced the resignation of Mr. Vijal Yogendra Patel as Chief Financial Officer (CFO) effective April 2, 2026, due to his elevation to Chairman & Managing Director of the company. Simultaneously, Ms. Chandni Yogendra Patel has been appointed as the new CFO effective April 3, 2026. Mr. Patel, currently a Whole-time Director, will be re-designated as Chairman & Managing Director, subject to shareholder approval via postal ballot. Ms. Chandni Patel is Mr. Vijal Patel's sister and daughter of Mrs. Anjni Yogendra Patel, another Whole-time Director of the company.

Likely market impact

The CFO change is an internal restructuring as Mr. Patel moves to a higher executive role. However, the appointment of a family member (sister) as CFO raises potential governance concerns around concentration of key positions within the promoter family.