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

₹1235.10

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

-4.3

10m

-6.3

15m

-4.5

30m

-4.7

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

On October 28, 2026, the board approved Hitesh Oberoi's resignation as Managing Director and CEO effective December 2, after nearly 27 years with Info Edge. He will become a non-executive, non-independent promoter director from December 3, subject to shareholder approval. Sanjeev Bikhchandani will become Executive Vice Chairman, Managing Director and Group CEO from December 3 through April 26, 2031, also subject to shareholder approval.

Likely market impact

The planned succession supports continuity, but investor reaction will depend on execution and how shareholders view the founder-led structure.