Intimation regarding Change in Management

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

GRWRHITECH · price

Loading chart…

▲ 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

+0.1%Reaction day

₹5400.00

prior close

₹5363.40

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.4%+1.4% vs market

Plastic Products - Industrial peers, median of 36sector-1.1%+1.1% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.1 pts more than its Plastic Products - Industrial 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

-0.9

10m

-1.3

15m

-0.9

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1-1.4+1.4-1.1+1.1

Next day

+2.0-0.9+3.0-0.7+2.7

+3.8-0.3+4.2+0.0+3.8

+1.8+0.8+1.1-0.0+1.9

-0.7+0.9-1.6+0.0-0.7

+3.9+2.5+1.4-0.1+4.0

+5.7+3.1+2.6-0.2+5.9

15d

+15.8+3.5+12.3-1.5+17.3

+22.2+8.0+14.3+0.2+22.0

+28.1+9.3+18.8-1.0+29.1

+31.9+14.0+17.9-0.2+32.0

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 36Pending

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

AI summary

Garware Hi-Tech Films Limited announced the resignation of Mr. Abhishek Agarwal as Chief Financial Officer, effective May 15, 2026. He cited pursuit of career opportunities outside the company as the reason for leaving. With this resignation, he will cease to be a Key Managerial Personnel (KMP) under the Companies Act, 2013 and will also step down from the Risk Management Committee. Mr. Agarwal confirmed there is no other material reason for his resignation beyond what was stated. The company has indicated it will make a separate announcement regarding the appointment of a new CFO.

Likely market impact

The departure of the CFO creates a leadership gap in the finance function, which may cause short-term concern among investors about financial management continuity. The company's prompt announcement of a replacement will be closely watched by the market.