Finance chief resigns; Chinmay Desai appointed successor from October 28

CFO 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

+1.3%Reaction day

₹242.00

prior close

₹236.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+1.1% vs market

Shipping peers, median of 8sector-0.9%+2.1% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.1 pts more than its Shipping 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

+0.6

10m

+1.0

15m

+0.9

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.2+1.1-0.9+2.1

Next day

+3.8+0.7+3.1+1.7+2.1

+9.1+0.5+8.6+1.8+7.3

+11.0+0.1+10.8+1.0+10.0

+12.1+1.2+10.9+1.4+10.7

+11.2+0.4+10.7-0.5+11.7

+12.4-0.9+13.3-1.3+13.7

15d

+28.8-1.1+30.0-3.8+32.7

+37.2-2.7+39.9-6.4+43.6

+42.1-6.3+48.5-11.5+53.6

+28.2-11.7+39.9-19.0+47.2

UpDownMarket · Nifty Microcap 250Sector · Shipping peers, median of 8Pending

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

AI summary

Harshida Jayesh Bhanushali resigned as Chief Financial Officer and Key Managerial Personnel for personal reasons, effective close of October 27, 2025. The board appointed Chinmay Rajan Desai as successor from October 28. Consolidated Q2 operating revenue rose 11.3% to Rs 162.19 crore, but net profit fell 23.9% to Rs 42.70 crore.

Likely market impact

The successor starts immediately, limiting disruption. Revenue growth is positive, but the year-on-year profit decline may weigh on sentiment.