GILLETTENSEGillette India Limited· Personal CareMediumNeutral
Announced Wed, 27 May · 13:26 IST

Gillette India Limited has informed the Exchange regarding Appointment of Ghanashyam Hegde as Non- Executive Director of the company w.e.f. July 01, 2026.

Cfo ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹7909.00
prior close
₹8413.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.7-1.5-2.2+1.4-1.2-2.1-2.3-2.2-3.8-1.0-4.4+0.4
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AI summary

Gillette India announced multiple leadership changes at its May 27, 2026 board meeting. Ms. Srividya Srinivasan will resign as Executive Director and Chief Financial Officer effective June 30, 2026, due to internal transfers planned by the company, though she will remain as VP Finance and head of the finance department. Mr. Ashwath Rao, currently leading corporate finance for P&G India legal entities, will take over as CFO from July 1, 2026. Additionally, Mr. Krishnamurthy Iyer has been appointed as an Independent Director for five years from June 1, 2026, and Mr. Ghanashyam Hegde (currently VP and General Counsel at P&G India) has been appointed as Non-Executive Director from July 1, 2026.

Likely market impact

The CFO change appears to be an internal reorganization within the P&G group rather than a concern. The continuity is maintained as the new CFO is an internal P&G veteran with 16 years of experience. Shareholders may view the two new board appointments positively as they bring diverse industry experience.