Announced Thu, 3 Sept, 2026 · 18:36 IST

CFO resigns as Viren Bakraniya steps down from dual role

Cfo ResignedManagement Changes View source PDFExplain this filing

Price

Loading chart…

▲ 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
+5.0%Reaction day
₹35.74
prior close
₹37.52
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+4.3% vs market
Internet & Catalogue Retail peers, median of 6sector-0.4%+5.3% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 5.3 pts more 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
5m
+0.0
10m
+0.0
15m
+0.0
30m
+0.0
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+5.0+0.7+4.3-0.4+5.3
Next day
+10.2+1.1+9.1-0.6+10.8
2d
+5.2+1.6+3.6-1.9+7.1
3d
+9.1+1.5+7.7-2.7+11.8
4d
+9.4+1.3+8.1-4.5+13.9
5d
+11.4+1.4+10.0-2.8+14.1
1w
+18.2-2.1+20.3-2.5+20.7
15d
+7.7-0.9+8.6-4.9+12.6
1m
-0.7-1.4+0.8-6.1+5.4
2m
—————
3m
—————
UpDownMarket · Nifty Microcap 250Sector · Internet & Catalogue Retail peers, median of 6Pending

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

AI summary

On 3 September 2026, the board accepted Viren Sudhirbhai Bakraniya's resignation as CFO, effective from the close of business. He will remain Managing Director, with the change intended to separate his two roles. The board appointed Gopal Baldha as CFO from the same date; he is a chartered accountant with over 14 years of experience and belongs to the promoter group.

Likely market impact

The change is orderly and separates leadership roles, with Viren remaining Managing Director. Gopal's promoter-group link may invite governance scrutiny.