Planned CFO succession as Suraj Prasad moves to strategy role

Management Changes View source PDF Explain this filing

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

-3.6%Reaction day

₹97.85

prior close

₹97.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-3.0% vs market

IT Enabled Services peers, median of 78sector-1.0%-2.7% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.7 pts less than its IT Enabled Services 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

-0.5

10m

-0.0

15m

-0.5

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-0.6-3.0-1.0-2.7

Next day

-0.9-0.1-0.8-0.5-0.4

-0.9+0.2-1.1-0.6-0.3

+1.2+0.4+0.7+0.5+0.7

+1.2+0.0+1.2-0.8+1.9

+4.1+0.6+3.5-1.1+5.2

+1.6+0.7+0.9-0.1+1.7

15d

-5.0+1.5-6.4-0.8-4.2

-15.1+0.2-15.3+0.1-15.2

-29.4-3.7-25.7-4.1-25.3

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 78Pending

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

AI summary

The board approved a planned finance leadership transition on August 18, 2026. Suraj Prasad will remain CFO and a key managerial person until September 30, then become Chief Strategy and Corporate Development Officer. Harigovind Krishnasamy joins immediately as CFO designate and will take over as CFO on October 1, 2026. He has over 21 years of finance experience.

Likely market impact

The planned handover supports continuity at the top finance role while shifting the outgoing CFO to a broader strategy function.