Announced Fri, 22 May, 2026 · 17:28 IST

Appointment of CEO

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

-5.0%Reaction day

₹61.37

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-6.6% vs market

Other Industrial Products peers, median of 24sector+0.7%-5.6% vs sector

On the reaction day the stock moved 6.6 pts less than Nifty Microcap 250 and 5.6 pts less than its Other Industrial Products 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+1.6-6.6+0.7-5.6

Next day

-9.7+2.3-12.0+0.6-10.3

-14.2+2.3-16.5+1.0-15.2

-18.5+1.6-20.2-0.6-17.9

-22.6+0.5-23.1-3.2-19.4

-20.2+1.6-21.8-1.8-18.4

-23.5+2.7-26.2-0.8-22.7

15d

-13.2+5.4-18.6-1.3-11.9

-13.3+7.3-20.6-2.0-11.4

+14.1+8.6+5.5-2.0+16.1

+14.1+13.0+1.1-5.2+19.3

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 24Pending

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

AI summary

Indobell Insulations Ltd has appointed Mr. Mayank Burman as CEO effective 1st June 2026. He joins from Business Development Consultant role and brings experience from Capital Controls India (1986-2012), Hamon Group (2012-2023), and CAPCO Water Solutions (2024-2025). The company also reported FY26 financial results with revenue of Rs. 1,557.90 Lakhs, a 39% decline from Rs. 2,572.91 Lakhs in FY25. Profit after tax fell to Rs. 80.44 Lakhs from Rs. 218.59 Lakhs in FY25, with EPS at Rs. 1.28 vs Rs. 3.47. The board declared no dividend for FY25-26. Internal auditors Basu Chatterjea & Co were reappointed till May 2027.

Likely market impact

The CEO appointment brings experienced leadership but comes amid declining financial performance. The nearly 40% revenue drop and significantly lower profitability may concern investors. No dividend payment reduces immediate shareholder returns. The IPO proceeds utilization shows Rs. 41 Lakhs still unutilized for plant machinery purchase.