Announced Fri, 8 May · 18:42 IST

Please find attached disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

Cfo ResignedKmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹11.36
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+10.0+1.4+1.6+1.8+1.2+9.6+10.5+11.5+5.6
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AI summary

Mr. Hareshkumar Mayani has resigned as Chief Financial Officer of the company effective from close of business hours of May 07, 2026. He is moving to a new role managing financial accounting at Hathway Cable and Datacom Limited, which is the holding company. The resignation appears to be a lateral transfer within the group rather than a departure from the corporate structure. The company has expressed gratitude for his contributions. Following the resignation, the CEO and Company Secretary have been designated as authorized KMPs for disclosure purposes from May 08, 2026.

Likely market impact

The CFO change is an internal reorganization within the Hathway group. Since the departure is to a related party (holding company), it suggests continuity rather than a distress-related exit. However, investors should monitor for any replacement CFO appointment and assess if operational expertise is maintained during the transition.