Intimation for appointment of Ms. Nikhila P as Chief Financial Officer of the Company

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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Trading & Distributors 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

Hemang Resources Limited has appointed Ms. Nikhila P as its new Chief Financial Officer (CFO), effective November 7, 2025. She also takes on the role of Key Managerial Person (KMP) under SEBI regulations. Ms. Nikhila holds an MBA in Finance and a B.Com degree. The appointment has been made to comply with Section 203 of the Companies Act, 2013 and SEBI LODR Regulation 6(1), which require every listed company to have a designated CFO.

Likely market impact

This is a routine compliance-driven appointment filling a mandatory leadership position. No material impact on shareholders is expected, though the move suggests the previous CFO role may have been vacant and is now being filled.