Ceigall India appoints new CEO, posts Q3 results, sells subsidiary

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

₹286.30

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

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Sessions after the filingfrom the prior close

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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

Ceigall India's board appointed Mr. A. Saravanan as CEO effective Feb 10, 2026. He brings 32 years of infrastructure experience from GMR Group, MW Group Stuttgart, and TCE Consulting. The board also signed a binding offer to sell step-down subsidiary Ceigall Malout Abohar Sadhuwali Highways to Neo Asset Management for Rs 177 crores (around 6.8% of consolidated turnover), expected by June 30, 2026. Q3 FY26 standalone profit after tax rose to Rs 744.56 million from Rs 558.63 million YoY. An FIR was filed over alleged vendor fraud of Rs 89.65 million.

Likely market impact

New experienced CEO may support growth. Subsidiary sale brings in Rs 177 cr cash. Q3 profit up 33% YoY shows strong momentum.