Resignation of CFO
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and in line with its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kakatiya Textiles Limited's Board meeting on May 30, 2026 approved audited financial statements for Q4 and FY ended March 31, 2026. Two key management personnel resigned on the same day: CFO Mr. Hari Obula Reddy Velicherla and Manager Mr. Siva Prasad Vank, both citing personal reasons for immediate resignation. The company simultaneously appointed Mr. Atmakuri Rama Guravaiah (with 15+ years in accounts and finance) as new CFO and Mr. Bandlamudi Sunil Babu (diploma holder with 20 years spinning industry experience) as new Manager, both effective 30.05.2026. Both outgoing and incoming KMPs are not related to any director.
The dual resignation of two KMPs (CFO and Manager) on the same day, followed by immediate replacements, suggests smooth transitions but warrants monitoring for any operational disruptions. No specific reasons were disclosed beyond 'personal reasons'.