Resignation of Mr. Pritesh Jhaveri from the position of Company Secretary and Compliance Officer of the Company w.e.f. closure of business hours of February 20, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 6.0 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Forbes & Company announced Q3 FY26 standalone revenue of Rs 1,650 lakhs, down sharply from Rs 3,904 lakhs in Q3 FY25, with profit after tax of Rs 284 lakhs (vs Rs 840 lakhs last year). For nine months FY26, revenue fell to Rs 5,666 lakhs from Rs 10,862 lakhs, with profit after tax at Rs 1,285 lakhs versus Rs 1,946 lakhs. The board accepted the resignation of Company Secretary and Compliance Officer Mr. Pritesh Jhaveri effective February 20, 2026, and noted the resignation of Interim CFO Mr. Pavan Somani effective April 7, 2026. Mr. Jagannath Govale has been appointed as the new CFO and Key Managerial Personnel effective April 8, 2026. A new Company Secretary will be appointed shortly. Senior management change: Mr. Atul Sadawarte, Deputy GM – HR, retired on January 31, 2026.
Investors should note a major reshuffle at the top — both the Company Secretary and Interim CFO are exiting, with a new CFO lined up, which may bring short-term transition risk but also signals fresh leadership. Q3 earnings show a steep year-on-year decline in revenue and profits, mainly due to lower real estate project recognition, so the stock may face pressure on weak numbers despite the orderly succession plan.