Board names new CEO, approves Rs. 177 cr subsidiary sale, Q3 results

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

CEIGALL · price

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

-1.4%Reaction day

₹294.00

prior close

₹293.85

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+2.6%-4.0% vs market

Civil Construction peers, median of 97sector+2.5%-3.9% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.9 pts less than its Civil Construction 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

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15m

-3.2

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+2.6-4.0+2.5-3.9

Next day

+0.8+3.6-2.8+2.9-2.1

+0.6+3.1-2.5+2.3-1.7

+1.7+2.6-0.9+1.5+0.2

-1.9+1.1-2.9-0.1-1.8

-1.2+0.3-1.6-0.4-0.8

-0.4+1.6-2.0-1.1+0.7

15d

-6.8-3.9-2.9-6.5-0.3

-8.8-8.1-0.7-10.2+1.4

-1.6-3.1+1.5-4.7+3.0

+24.7+9.2+15.5+1.5+23.2

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Board appointed Mr. A. Saravanan as CEO effective Feb 10, bringing 32 years infra experience. Also approved sale of step-down subsidiary Ceigall Malout Abohar Sadhuwali Highways to Neo Asset Management for Rs. 177 crores, expected by June 30, 2026. Q3 FY26 standalone PAT Rs. 74.46 crores on revenue Rs. 969.91 crores (up 23% YoY). Consolidated PAT Rs. 72.39 crores. FIR lodged for Rs. 89.65 million fraudulent purchases.

Likely market impact

New CEO brings infra experience. Subsidiary sale at Rs. 177 cr is positive. Fraud of Rs. 8.96 cr noted, no profit impact for Q3.