CEO Amit Bansal resigns on health grounds; Manoj Kumar Jha appointed new CEO

CEO resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹22.70

prior close

₹23.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.1% vs market

Civil Construction peers, median of 102sector-0.1%-0.7% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.7 pts less than its Civil Construction 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

+0.6

10m

+0.4

15m

+0.4

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.3-1.1-0.1-0.7

Next day

-0.7+0.5-1.2-0.4-0.3

-0.9+0.1-0.9-0.7-0.2

+0.4+0.7-0.3+0.3+0.1

-1.3+0.4-1.7-0.2-1.1

+1.3+0.7+0.6-0.4+1.7

-0.9+0.1-0.9-1.5+0.7

15d

-3.5+1.5-5.0-3.1-0.4

-11.9+0.3-12.2-3.9-8.0

-31.7-6.2-25.5-10.9-20.8

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 102Pending

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

AI summary

Amit Bansal has resigned as Whole Time Director and CEO of K&R Rail Engineering effective 20 August 2026, citing health issues. The board has appointed Manoj Kumar Jha as Additional Executive Director and CEO from the same date, subject to shareholder approval. Jha holds a B.Sc. Physics and has over 25 years of experience in Railway Infrastructure, Signal and Telecom, and Project Management. He is not related to any promoter or director and holds no shares in the company.

Likely market impact

Smooth CEO transition driven by health-related exit. New CEO brings 25 plus years of railway infrastructure expertise. Await shareholder approval.