Mr. Nishant Rajeev Reniwal has tendered his resignation as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company vide resignation letter dated 18th December, 2025 ....

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

-0.8%Reaction day

₹49.00

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-2.2% vs market

Iron & Steel Products peers, median of 94sector+0.4%-1.2% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.2 pts less than its Iron & Steel Products 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

-0.8+1.4-2.2+0.4-1.2

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-1.0+1.4-2.4+0.7-1.8

+2.0+0.9+1.2+0.8+1.3

-4.4+0.3-4.7-0.1-4.3

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+3.1-2.8+5.9-4.9+8.0

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

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

AI summary

Mr. Nishant Rajeev Reniwal has resigned as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Inducto Steel Ltd, effective December 18, 2025. The resignation was submitted due to personal reasons and has been accepted by the Board. The company has not yet announced a replacement for the CFO role. The disclosure has been made to BSE under SEBI LODR Regulation 30.

Likely market impact

The sudden exit of the CFO may raise short-term governance concerns among investors, as the finance leadership position now stands vacant. The market reaction will depend on how quickly the company appoints a successor; no immediate financial impact is indicated since the resignation is attributed to personal reasons.