Re-designation of CTO and appointment of new CTO at IndoStar Capital

Management Changes View source PDF Explain this filing

INDOSTAR · price

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

-1.5%Reaction day

₹219.20

prior close

₹205.55

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-0.6% vs market

Non Banking Financial Company (NBFC) peers, median of 204sector-0.7%-0.8% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.8 pts less than its Non Banking Financial Company (NBFC) 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

+2.9

10m

+4.7

15m

+5.3

30m

+6.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.8-0.6-0.7-0.8

Next day

+2.6+0.7+1.8+0.0+2.6

+1.3-1.4+2.7-0.6+1.9

+0.3-1.3+1.6-1.1+1.4

-1.9+0.7-2.6-0.9-1.0

-2.0+0.3-2.3-1.4-0.6

-12.4+0.9-13.3-3.1-9.3

15d

+10.8+6.8+4.0-0.3+11.0

+5.3+4.3+1.1-2.3+7.6

-15.2-8.7-6.5-11.8-3.4

-1.8+8.6-10.5-3.6+1.7

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 204Pending

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

AI summary

IndoStar Capital has re-designated Mr. Amit Kothari from Chief Technology Officer to Chief AI Officer and appointed Mr. Shivam Choudhary as the new Chief Technology Officer, both effective January 20, 2026. Mr. Choudhary brings 19 years of IT experience in digital transformation, fintech innovation, and enterprise technology strategy.

Likely market impact

Internal senior management reshuffle focused on AI and technology leadership; neutral for shareholders.