Ashutosh Agarwal exits as CFO, Rajesh Daga takes over from Aug 11

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

ELECTCAST · price

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▲ 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

+5.2%Reaction day

₹71.26

prior close

₹71.10

announcement price

After-mkt

timing

Nifty Microcap 250market-0.1%+5.3% vs market

Iron & Steel Products peers, median of 98sector+0.1%+5.2% vs sector

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 5.2 pts more than its Iron & Steel Products 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

+1.7

10m

+1.0

15m

+1.4

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.2-0.1+5.3+0.1+5.2

Next day

+3.4-0.2+3.6-0.2+3.6

+3.7+0.1+3.5-0.6+4.3

+2.5+0.3+2.2-1.0+3.5

-0.6+0.4-1.0-0.3-0.3

+1.0+0.5+0.5-0.7+1.7

+1.0+0.3+0.7-1.1+2.1

15d

+16.6+1.9+14.8+1.4+15.2

+12.6+2.2+10.4+3.6+9.1

+7.0-1.2+8.1+0.0+6.9

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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

AI summary

Board approved Q1 FY27 results: consolidated revenue Rs 1,425.57 cr, PAT Rs 48.37 cr (down from Rs 89.08 cr YoY). Ashutosh Agarwal resigned as Whole-Time Director and CFO effective Aug 10. Rajesh Daga, a Chartered Accountant and company veteran since 1989, appointed CFO from Aug 11. Also approved making rubber products for Indian Railways including Vande Bharat components.

Likely market impact

Smooth internal CFO handover. Profits nearly halved YoY. New rubber products line for railways adds a fresh revenue stream.