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 Limited's Board has approved appointment of Mr. Gregory Gelhaus as Group Chief Executive Officer & KMP effective May 21, 2026, subject to shareholder ratification at the 63rd AGM. Mr. Gelhaus, previously Chief Transformation Officer, has prior experience at Global Blue, PwC, and Alvarez & Marsal. Two new Senior Management Personnel were also appointed: Mr. Ankit Nayyar (Deputy CFO, previously CFO at Pl Health Sciences) and Mr. Massimo Serapioni (CEO-Corrosion-Resistant Technologies, previously at Coperion). Meanwhile, Mr. Manish Shah and Mr. Ulf Wittmann have ceased as SMP due to organisation structure changes, though they continue as employees. Mr. Gelhaus is related to the promoter family (son-in-law of founder Ashok Patel), indicating insider appointment to top leadership.

Likely market impact

The appointment of a promoter family member as Group CEO signals continuity of promoter control at the top level. Shareholders should note the insider appointment and the organisation restructuring that led to two SMP departures.