Global CEO Mohit Malhotra to resign; Herjit Bhalla named whole-time director

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

-1.8%Reaction day

₹393.00

prior close

₹402.00

announcement price

After-mkt

timing

Nifty Midcap 150marketpendingvs market: pending

Personal Care peers, median of 14sector+1.7%-3.5% vs sector

On the reaction day the stock moved 3.5 pts less than its Personal Care 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

-2.2

10m

-3.1

15m

-3.1

30m

-3.9

Sessions after the filingfrom the prior close

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Reaction day

-1.8pendingpending+1.7-3.5

Next day

-3.2pendingpending-0.2-3.0

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15d

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UpDownMarket · Nifty Midcap 150Sector · Personal Care peers, median of 14Pending

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

AI summary

Mohit Malhotra will resign as Global CEO and whole-time director effective November 13, 2026 for overseas work. Herjit Singh Bhalla, CEO-India, will become additional and whole-time director from November 14 for five years, subject to shareholder approval. P. D. Narang stays a whole-time director overseeing international business. Company secretary Ashok Kumar Jain retires November 30; CFO Ankush Jain takes over compliance.

Likely market impact

The CEO exit may cause stock pressure, but Bhalla's internal promotion supports continuity. His five-year appointment needs shareholder approval.