Bharti Hexacom: Akhil Garg resigns as CFO, Karthikeyan Velu to take over

Cfo ResignedManagement Changes View source PDF Explain this filing

BHARTIHEXA · price

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

+1.6%Reaction day

₹1766.10

prior close

₹1760.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+0.5% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+0.3%+1.4% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 1.4 pts more than its Telecom - Cellular & Fixed line services 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

+0.1

10m

+0.4

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.2+0.5+0.3+1.4

Next day

+1.7+2.0-0.2+1.3+0.5

+2.3+2.1+0.2+1.6+0.7

+2.5+1.6+0.9+2.4+0.1

+3.6+1.4+2.3+2.1+1.5

+4.8+1.0+3.8+0.6+4.2

+2.4+1.8+0.6+0.5+1.8

15d

-3.5+0.3-3.7-2.9-0.6

-10.1-0.1-10.0-5.4-4.7

-4.9-0.4-4.5-6.7+1.9

-10.6-8.1-2.4-20.5+9.9

UpDownMarket · Nifty Midcap 150Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

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

AI summary

Bharti Hexacom's CFO Akhil Garg will step down on December 31, 2025 to move to a different role within the Bharti Group. The board has appointed Karthikeyan Velu, currently Group Financial Controller at Airtel with over 20 years of telecom finance experience, as the new CFO and Key Managerial Personnel effective January 1, 2026. Karthikeyan has been with Airtel since 2002 in various commercial and finance roles.

Likely market impact

Smooth internal group transition. No operational disruption expected as successor is a long-tenured Airtel executive.