CFO Sadanand Shetty resigns for personal reasons

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹240.85

prior close

₹238.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.4% vs market

Civil Construction peers, median of 94sector-1.6%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Civil Construction 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

-0.8

10m

-2.8

15m

-1.2

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-1.0+0.4-1.6+1.0

Next day

+1.7-3.3+5.0-4.0+5.7

-3.3-2.9-0.3-3.9+0.6

-2.8pendingpending-2.8-0.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 94Pending

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

AI summary

Sadanand Shetty resigned as Chief Financial Officer and key managerial officer effective after market close on October 21, 2026, citing personal reasons. He had served for two years and was the company's first CFO. No successor was disclosed.

Likely market impact

The departure leaves a senior finance vacancy and may create short-term uncertainty, but no financial impact was disclosed.