CFO Sachin Devare resigns; board approves Rs 15.98 crore in borrowings

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

CREATIVEYE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+6.8%Reaction day

₹6.07

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.3%+9.1% vs market

Media & Entertainment peers, median of 12sector-1.5%+8.2% vs sector

On the reaction day the stock moved 9.1 pts more than Nifty Microcap 250 and 8.2 pts more than its Media & Entertainment 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.8-2.3+9.1-1.5+8.2

Next day

+1.6-1.9+3.6-3.2+4.8

+4.9-0.2+5.2-1.3+6.3

+3.8-0.2+4.0-2.7+6.5

+4.3+0.5+3.8-1.2+5.5

+5.4pendingpending-1.9+7.3

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 12Pending

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

AI summary

The board accepted CFO Mr. Sachin Devare's resignation effective November 14, 2026, due to personal reasons and professional commitments. Separately, the board approved an overdraft of Rs 7.98 crore from Punjab National Bank and a Loan Against Property of up to Rs 8 crore for business operations and future projects. The CFO confirmed no other material reasons and committed to a smooth handover.

Likely market impact

CFO exit may cause short-term leadership uncertainty. New borrowings of up to Rs 15.98 crore will increase debt and interest costs for operations.