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

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

₹1245.40

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

-0.8

10m

-5.0

15m

-5.3

30m

-4.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.3-2.5-0.5-1.7

Next day

-3.6pendingpending-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. He joined nearly 27 years ago and served as MD and CEO for over 16 years. Subject to shareholder approval, he will become a non-executive promoter director on December 3. Founder and Vice Chairman Sanjeev Bikhchandani will become Executive Vice Chairman, Managing Director and Group CEO from December 3 through April 26, 2031, also subject to approval.

Likely market impact

Leadership continuity is preserved, but investors may focus on how smoothly the change works and how the stock reacts.