Company Secretary resigns; Raghav Sharma appointed from November 5

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

+19.7%Reaction day

₹440.00

prior close

₹496.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Civil Construction peers, median of 97sector+1.2%+18.5% vs sector

On the reaction day the stock moved 18.5 pts more than its Civil Construction 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

-0.4

10m

-1.8

15m

+1.7

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+19.7pendingpending+1.2+18.5

Next day

+21.4pendingpending+0.0+21.4

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Company Secretary and Compliance Officer Surbhi Maloo resigned after working hours on November 4, 2026 for personal reasons. The board appointed qualified Company Secretary Raghav Sharma from November 5, 2026. It also approved unaudited half-year results to September 30, 2026. The limited review found no material misstatement, and all Rs 81.08 crore of share sale proceeds were used without any reported deviation.

Likely market impact

The next-day appointment limits compliance disruption, but the senior officer exit remains a governance point to monitor. No direct financial impact was stated.