Leadership reshuffle at Malana Power and AD Hydro Power

Cfo ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

HEGAM · price

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

+4.8%Reaction day

₹204.90

prior close

₹205.30

announcement price

After-mkt

timing

Nifty Smallcap 250marketpendingvs market: pending

Electrodes & Refractories peers, median of 9sector+2.9%+2.0% vs sector

On the reaction day the stock moved 2.0 pts more than its Electrodes & Refractories 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

+2.2

10m

+1.5

15m

+3.3

30m

+3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8pendingpending+2.9+2.0

Next day

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 9Pending

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

AI summary

At power subsidiaries Malana Power and AD Hydro Power, Riju Jhunjhunwala will become additional non-executive chairman from November 3, 2026, pending HEG board approval. Ravi Jhunjhunwala will step down as chairman and be reappointed as Malana Power managing director for five years. Om Prakash Ajmera will be joint managing director and CEO of both units for five years while relinquishing the CFO role.

Likely market impact

A planned leadership reshuffle at two power subsidiaries. Five-year terms support continuity, but the CFO-to-CEO move changes financial oversight.