Mariwala succession at Kaya: Rishabh Mariwala named new MD

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

KAYA · 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

-6.3%Reaction day

₹279.65

prior close

₹279.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-6.7% vs market

Leisure Services peers, median of 81sector · industry level+0.3%-6.6% vs sector

On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250 and 6.6 pts less than its Leisure Services 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

-2.1

10m

-3.4

15m

-3.5

30m

-4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.3+0.4-6.7+0.3-6.6

Next day

-1.8+1.7-3.5+0.3-2.1

-1.7+2.1-3.8+0.7-2.4

-3.5+2.1-5.6+0.6-4.1

-0.7+2.1-2.8+0.6-1.3

+3.3+1.9+1.4+0.0+3.3

+4.2+2.4+1.8-0.6+4.8

15d

+25.9+3.0+22.8-1.4+27.2

+23.4+3.7+19.7-1.7+25.1

+8.3+1.6+6.8-3.9+12.2

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UpDownMarket · Nifty Microcap 250Sector · Leisure Services peers, median of 81Pending

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

AI summary

Board approved Q1 FY27 results: revenue Rs 60.1 cr (up 14% YoY), net loss Rs 15.2 cr versus Rs 14.1 cr YoY. Harsh Mariwala to shift from MD and Chairman to Non-Executive Chairman from Nov 1, 2026. His son Rishabh Mariwala appointed as new MD for 5 years. Auditor flagged going concern as company has negative net worth and relies on promoter support. Fundraising plan deferred.

Likely market impact

Promoter family succession may reassure on continuity, but going concern flag and persistent losses are key concerns.