Hitesh Oberoi to step down as MD and CEO; Sanjeev Bikhchandani to take over

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

NAUKRI · 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

-2.2%Reaction day

₹1216.30

prior close

₹1240.00

announcement price

In-mkt

timing

Nifty Midcap 150market+0.3%-2.5% vs market

Internet & Catalogue Retail peers, median of 7sector-0.5%-1.7% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Midcap 150 and 1.7 pts less than its Internet & Catalogue Retail 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

-3.1

10m

-4.3

15m

-7.5

30m

-5.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.3-2.5-0.5-1.7

Next day

-3.6+1.2-4.7-1.8-1.8

-2.2pendingpending-5.8+3.7

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15d

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UpDownMarket · Nifty Midcap 150Sector · Internet & Catalogue Retail peers, median of 7Pending

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

AI summary

Hitesh Oberoi will step down as Managing Director and CEO after close of business on December 2, 2026, ending nearly 27 years at Info Edge and over 16 years as MD and CEO. Subject to shareholder approval, he becomes an Additional Director and non-executive, non-independent promoter director from December 3. Sanjeev Bikhchandani will take over as Executive Vice Chairman, Managing Director and Group CEO from December 3 through April 26, 2031, subject to shareholder approval.

Likely market impact

Continuity is supported by the planned handover, but Oberoi's exit as CEO may weigh on sentiment. His continued board role should help stability.