This is to inform you that Mr. Nitish Nagori has tendered his resignation as Chief Financial Officer of the Company

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

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

+5.3%Reaction day

₹43.16

prior close

₹43.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.4% vs market

Education peers, median of 12sector-0.3%+5.6% vs sector

On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 5.6 pts more than its Education 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

-4.1

10m

-4.1

15m

-4.1

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.3-0.1+5.4-0.3+5.6

Next day

+0.2+0.5-0.3+0.7-0.5

+3.1-0.3+3.4-0.1+3.2

+4.3-0.5+4.7+0.7+3.5

+5.3-0.8+6.1+0.9+4.4

+5.3-2.3+7.6-1.9+7.2

+6.6-2.8+9.4-3.7+10.3

15d

+3.5-4.9+8.3-6.2+9.7

+15.8-4.7+20.6-7.1+23.0

+19.8-7.7+27.5-15.6+35.4

+20.5-7.8+28.3-21.4+41.9

UpDownMarket · Nifty Microcap 250Sector · Education peers, median of 12Pending

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

AI summary

Mr. Nitish Ganesh Nagori has resigned as Chief Financial Officer of Ironwood Education Ltd with immediate effect from November 13, 2025, citing personal reasons. The resignation letter confirms there are no other material reasons behind his exit. Importantly, Mr. Nagori will continue to serve as Managing Director of the company, so there is no complete departure from the board. The board meeting to note this ran from 4:40 p.m. to 5:10 p.m. on November 13, 2025.

Likely market impact

Since Mr. Nagori is only stepping down from the CFO role while continuing as Managing Director, leadership continuity at the top is maintained. The resignation appears routine and personal in nature, with no governance red flags, so the near-term impact on shareholders is likely neutral. However, the company will need to appoint a new CFO in due course.