BSEIcon Facilitators Ltd· Commercial Services & SuppliesHighNegative
Announced Mon, 15 Dec, 2025 · 14:50 IST

Resignation of Mr. Tarun Sharma (ICAI M. No - 426523) from the position of Chief Financial Officer (Key Managerial Personnel) of the Company with effect from December 15, 2025

Cfo ResignedKmp ResignedManagement Changes View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+8.6%Reaction day
₹48.49
prior close
₹52.65
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+8.1% vs market
Diversified Commercial Services peers, median of 67sector-0.3%+8.8% vs sector

On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 8.8 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day
+8.6+0.5+8.1-0.3+8.8
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+3.7+1.5+2.2-2.0+5.8
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+3.1-3.0+6.2-4.8+8.0
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3m
+20.2-12.4+32.6-18.1+38.3
UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 67Pending

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

AI summary

Icon Facilitators Ltd has informed BSE that its Chief Financial Officer, Mr. Tarun Sharma (ICAI M. No. 426523), has resigned from the position effective December 15, 2025. The CFO cited personal issues as the reason for stepping down and has been relieved with immediate effect. The company has accepted the resignation and recorded its appreciation for his services during his tenure. No replacement or interim CFO has been announced in this filing. The disclosure was made under SEBI Listing Regulations to keep the stock exchange informed of a Key Managerial Personnel change.

Likely market impact

The sudden exit of the CFO at a listed company creates short-term uncertainty around financial leadership and reporting oversight until a successor is appointed. Shareholders should watch for a follow-up announcement regarding the appointment of a new CFO, as prolonged vacancy could raise governance concerns.