GMM Pfaudler Limited has informed the Exchange about change in Management

Promoter family joins the boardManagement Changes View source PDF Explain this filing

GMMPFAUDLR · price

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

-5.1%Reaction day

₹851.50

prior close

₹877.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-5.2% vs market

Industrial Products peers, median of 127sector+0.0%-5.1% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 5.1 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

-4.6

10m

-5.2

15m

-5.9

30m

-6.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.1+0.1-5.2+0.0-5.1

Next day

-5.0+1.7-6.7+1.3-6.3

-5.9+2.4-8.3+1.8-7.7

-7.7+2.4-10.1+1.4-9.1

-11.2+1.7-12.9+0.8-12.0

-8.7+0.6-9.3+0.0-8.7

-10.1+1.9-12.1+0.4-10.5

15d

-8.6+4.9-13.4+1.7-10.3

-3.0+8.9-11.9+4.9-7.9

-6.0+7.5-13.6+4.8-10.9

+16.2+13.6+2.7+5.0+11.3

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 127Pending

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

AI summary

GMM Pfaudler has announced leadership changes effective May 21, 2026. Mr. Gregory Gelhaus, previously Chief Transformation Officer, has been appointed as Group CEO and Key Managerial Personnel, pending shareholder approval at the 63rd AGM. Two new Senior Management Personnel appointments were made: Mr. Ankit Nayyar as Deputy Chief Financial Officer and Mr. Massimo Serapioni as CEO of Corrosion-Resistant Technologies. Simultaneously, Mr. Manish Shah and Mr. Ulf Wittman have ceased to be SMP due to changes in organisation structure, though they continue as employees. Notably, Mr. Gelhaus is related to the promoter family—he is the son-in-law of founder Mr. Ashok Patel and brother-in-law of Mr. Tarak Patel.

Likely market impact

The appointment of a promoter family member as Group CEO could raise governance concerns among institutional investors, though the new leadership with global experience may bring strategic direction. The departure of two SMPs during an organisational restructuring suggests significant internal changes underway.