Alexander Poempner exits as Group CFO; Ankit Nayyar takes over

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

-12.0%Reaction day

₹1343.10

prior close

₹1300.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-13.1% vs market

Industrial Products peers, median of 130sector+0.9%-12.9% vs sector

On the reaction day the stock moved 13.1 pts less than Nifty Microcap 250 and 12.9 pts less than its Industrial Products 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

-2.8

10m

-3.8

15m

-3.9

30m

-4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-12.0+1.1-13.1+0.9-12.9

Next day

-16.8pendingpending-0.4-16.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 130Pending

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

AI summary

The Board approved Alexander Poempner's early release as Group CFO and key managerial officer at close of business on 3 November 2026 due to personal reasons. Ankit Nayyar became Group CFO and key managerial officer on 4 November 2026 after completing the handover. The meeting also approved unaudited Q2 and half-year FY27 results. Consolidated quarterly revenue was 1,064.62 crore and profit was 35.13 crore.

Likely market impact

The immediate handover limits continuity risk. The personal-reasons exit may draw short-term investor scrutiny, but no financial impact was disclosed.