Ankit Nayyar appointed Group CFO after Alexander Poempner steps down

Key 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 appointed Ankit Nayyar as Group Chief Financial Officer from November 4, 2026, replacing Alexander Poempner, who asked to be relieved early for personal reasons after resigning on September 15. The Board also approved Q2 results: consolidated revenue rose 18% year on year to Rs 1,064.62 crore, but profit fell to Rs 35.13 crore from Rs 37.68 crore. H1 revenue was Rs 1,989.38 crore and profit was Rs 57.23 crore.

Likely market impact

The CFO handover may create short-term sentiment concerns, while strong revenue growth and higher half-year profit support the outlook.