Announced Tue, 4 Aug · 16:28 IST
MD, Whole-time Director and CFO resign; new MD and CFO appointed
Ceo ResignedCfo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDFExplain this filing
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹6.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————-4.2—+0.5+0.0-3.0—+21.7——
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AI summary
Board meeting on August 3, 2026 accepted resignations of Managing Director Omprakash Dhariwal, Whole-time Director Chirag Chandan, and CFO Himanshi Jadeja, all citing personal reasons. Harshvardhan Katariya appointed as new MD and Chairman, Jimit Sanghvi as new CFO, and Rajesh Sutaria as Independent Director. Q1 FY27 results show nil revenue and a loss of Rs 1.80 lakhs. Auditors flagged going concern doubt.
Likely market impact
Leadership overhaul amid nil revenue and going concern uncertainty may worry investors, though replacements are in place.