Announced Fri, 4 Sept, 2026 · 20:16 IST

CFO resigns, new CFO and Executive Director appointed at INDO SMC

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

Price

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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

+4.0%Reaction day

₹471.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+3.6% vs market

Other Electrical Equipment peers, median of 55sector-0.4%+4.4% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 4.4 pts more than its Other Electrical Equipment 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+0.4+3.6-0.4+4.4

Next day

+8.5+0.9+7.5-0.4+8.9

+6.2+0.8+5.4-1.1+7.3

+9.3+0.6+8.7-1.2+10.5

+12.3+0.7+11.6-1.6+13.9

+5.3-2.6+7.9-3.6+8.9

+5.3-1.9+7.2-2.8+8.1

15d

+6.1-0.6+6.6-2.8+8.8

+6.4-1.0+7.4-3.8+10.2

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 55Pending

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

AI summary

INDO SMC's board on September 4, 2026 approved multiple leadership changes. CFO Mr. Neel Shah resigned citing inability to devote sufficient time to the company. Mr. Anand Saraogi, a Chartered Accountant with 13 plus years of finance and accounts experience, was appointed as the new CFO. Mr. Chaitanya Patel, a founder-promoter aged around 28, was appointed as Executive Director for 3 years. New internal auditor Vishal Khokhar and Associates and cost auditor Kishore Kumar and Co were also appointed for FY 2026-27.

Likely market impact

Smooth CFO transition with a qualified replacement. Promoter reappointment signals management continuity at the board level.