CFO resigns, new auditor named, up to Rs 2000 Cr subsidiary EPC deals cleared

Cfo ResignedManagement Changes View source PDF Explain this filing

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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

-1.2%Reaction day

₹166.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.8% vs market

Civil Construction peers, median of 102sector+0.3%-1.5% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.6-1.8+0.3-1.5

Next day

+4.3+1.3+3.1+0.8+3.5

-0.6+1.7-2.3+0.2-0.8

+7.2+2.2+5.0+0.0+7.2

+6.9+2.1+4.8-0.6+7.5

+8.4+1.9+6.5-0.9+9.4

+7.9-1.3+9.3-3.3+11.3

15d

+47.6+1.3+46.2-3.2+50.8

+41.5-0.8+42.3-5.9+47.4

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 102Pending

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

AI summary

GRE Renew Enertech Board on Sept 2, 2026 noted CFO Alpeshkumar Agarwal's resignation effective Sept 5 to pursue other opportunities. Manubhai and Shah LLP appointed as new Statutory Auditor to fill casual vacancy from previous auditor's exit, subject to AGM approval. Ashwin K Yagnik and Co named Internal Auditor for FY27. Three related party EPC deals cleared with wholly-owned subsidiaries: GRE Green Energy up to Rs 1,000 Cr, Solarcatch Energy up to Rs 500 Cr, and Solarsource Energy up to Rs 500 Cr. Mukeshkumar Trivedi re-appointed as Whole-time Director.

Likely market impact

CFO exit and back-to-back auditor change may draw governance scrutiny, but Rs 2,000 Cr pipeline with subsidiaries signals strong order book momentum in renewables.