Gujarat Raffia appoints new CS, promotes promoter family member as CFO

Management Changes View source PDF Explain this filing

GUJRAFFIA · price

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

-5.0%Reaction day

₹63.16

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.4% vs market

Packaging peers, median of 67sector+0.0%-5.0% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.0 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board of Gujarat Raffia Industries on Nov 6, 2025 approved: 1) Appointment of Mr. Rishi Jaithlia as Company Secretary and Compliance Officer (KMP). 2) Change in designation of Mr. Abhishek Bhutoria from Non-Executive Director to Whole Time Director cum CFO for 5 years, subject to shareholder approval. Mr. Abhishek is the son of MD Mr. Pradeep Kumar Bhutoria and Whole-time Director Ms. Sushma Bhutoria. He has been on the board since September 2015 and holds an MBA from California State University, USA.

Likely market impact

Internal management reshuffle. Promoter family member elevated to CFO role; new Company Secretary appointed. CFO change needs shareholder approval.