CFO Akhil Garg resigns; Karthikeyan Velu appointed as new CFO from Jan 1, 2026

Cfo ResignedKmp 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 Board has accepted the resignation of CFO Akhil Garg effective December 31, 2025, citing his internal movement within the Bharti Group. Karthikeyan Velu, currently Group Financial Controller for Airtel and a 23-year company veteran, has been appointed as the new CFO and KMP effective January 1, 2026. Both outgoing and incoming CFOs belong to the Bharti Group, ensuring an internal transition with no gap in leadership.

Likely market impact

Smooth internal CFO succession within Bharti Group; minimal expected disruption to operations, strategy or financial reporting continuity for shareholders.