Please find attached change in management-Revised

Promoter family joins the boardKey managerial personnel resignedManagement Changes View source PDF Explain this filing

GMMPFAUDLR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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 appointed Mr. Gregory Gelhaus as Group Chief Executive Officer & KMP effective May 21, 2026. Gelhaus was previously the Chief Transformation Officer and is being promoted internally. Notably, he is a member of the promoter family — son-in-law of founder Ashok Patel and brother-in-law of Tarak Patel. Two Senior Management Personnel exits were also disclosed: Mr. Manish Shah and Mr. Ulf Wittmann ceased to be SMPs due to changes in the organisation structure, though both continue as employees. Two new SMP appointments were also made: Mr. Ankit Nayyar as Deputy CFO and Mr. Massimo Serapioni as CEO of the Corrosion-Resistant Technologies division.

Likely market impact

The appointment of a promoter family member as Group CEO is a significant governance development. The exit of two SMPs, including Manish Shah, may signal further restructuring ahead. Shareholders should note the familial link between the new CEO and the controlling family.