FSLNSEFirstsource Solutions Limited· Commercial Services & SuppliesHighNegative
Announced Mon, 5 May, 2025 · 16:42 IST

Firstsource Solutions Limited has informed the Exchange regarding Resignation of Mr. Aftab Javed as Other of the company w.e.f. May 05, 2025.

Kmp ResignedManagement Changes View source PDFExplain this filing

FSL · price

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Price reactionminutes from the announcement price · days from the prior close
-6.4%Reaction day
₹339.25
prior close
₹338.05
announcement price
After-mkt
timing
Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.2%-4.2% vs market
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 7sector-3.0%-3.4% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Smallcap 250 and 3.4 pts less than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) 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
5m
-0.7
10m
-0.9
15m
-0.9
30m
-1.1
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-6.4-2.2-4.2-3.0-3.4
Next day
-7.3-1.1-6.2-3.0-4.3
2d
-4.2-2.2-2.0-3.5-0.7
3d
-4.5-2.9-1.6-3.1-1.4
4d
+2.1+1.0+1.1+0.9+1.2
5d
+6.4+1.8+4.5+0.4+6.0
1w
+9.7+4.1+5.6+3.1+6.6
15d
+14.1+7.1+7.0+5.5+8.7
1m
+9.9+11.3-1.4+8.2+1.7
2m
+9.0+14.2-5.1+13.2-4.2
3m
+3.6+8.0-4.4+14.2-10.5
UpDownMarket · Nifty Smallcap 250Sector · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 7Pending

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

AI summary

Mr. Aftab Javed has resigned from his position as Chief Human Resources Officer (CHRO) and Senior Management Personnel of Firstsource Solutions Limited, effective May 1, 2025. The resignation letter was received and accepted by the company on May 5, 2025. In his letter, Mr. Aftab cited a desire to pursue new career opportunities after one and a half years at the company, and noted he would be available in an advisory capacity for the next few months per the separation agreement. The company has disclosed this under SEBI Listing Regulations via its Company Secretary, Pooja Nambiar.

Likely market impact

This is a routine senior management exit driven by personal career goals rather than any governance concern. No immediate disruption to operations is expected, and the transition support period of a few months should help ensure continuity of HR functions.