Board appoints new Joint MD and Deputy CFO

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KIRLFER · price

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

-0.4%Reaction day

₹483.50

prior close

₹482.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.3% vs market

Ferrous Metals peers, median of 23sector · industry level-0.4%-0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.1 pts less than its Ferrous Metals 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

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10m

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15m

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30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.1-0.3-0.4-0.1

Next day

-0.9+0.3-1.2-0.7-0.2

-1.0+1.6-2.6+0.9-1.9

-1.3+0.1-1.4-0.6-0.7

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-3.2-1.2-2.0-1.6-1.6

-2.7-0.5-2.2-1.7-1.1

15d

-7.1-2.2-4.9-6.2-0.9

-6.6-6.6-0.0-7.4+0.8

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UpDownMarket · Nifty Microcap 250Sector · Ferrous Metals peers, median of 23Pending

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

AI summary

Kirloskar Ferrous Industries board approved two key appointments on 21 Sept 2026. Mr. Ajay Shriram Patil (62) has been co-opted as Additional Director and appointed Joint Managing Director for 3 years. He brings 36+ years of global experience from Cummins, Honeywell and Eaton. Mr. Ankur Gupta (46) has been appointed Deputy CFO effective 1 Oct 2026. Postal ballot cut-off date fixed as 2 Oct 2026 for shareholder approval.

Likely market impact

Senior leadership reshuffle at top and finance levels. Positive governance signal with experienced global hire. Shareholders to vote via postal ballot.