Caprihans India Limited has informed the Exchange about the resignation by Mr. Guman Mal Jain CFO of the Company
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On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 6.3 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Caprihans India's board met on February 10, 2026 and approved multiple decisions in one filing. Mr. Guman Mal Jain resigned as CFO citing personal reasons, and Mr. Pritam Paul (currently Business Head - Flexible PVC) was appointed as the new CFO from February 11, 2026. Mr. Sanjeev D. Tole, a veteran company secretary with over 50 years of experience, was appointed as an Additional Independent Director. The company also redeemed 2.80 crore preference shares, bringing its preference share capital down to Rs 138.60 crore. On the financial side, Q3 FY26 standalone revenue stood at Rs 170.38 crore with a net loss of Rs 15.96 crore, while the nine-month FY26 net loss widened to Rs 54.48 crore on revenue of Rs 518.22 crore (down from Rs 554.72 crore a year ago).
The CFO transition looks orderly as an internal candidate with over 14 years at the company takes over, reducing near-term governance worries, though the company remains in losses with declining revenues. Shareholders should watch whether the preference share redemption improves the equity story, but ongoing operating losses remain a key concern.