Joint MD Ajay Patil appointed; Ankur Gupta named Deputy CFO

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

KIRLFER · 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

-0.4%Reaction day

₹483.50

prior close

₹481.25

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

+0.2

10m

-0.0

15m

+0.1

30m

+1.0

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

-0.0+0.3-0.4-0.6+0.6

-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 has appointed Mr. Ajay Shriram Patil (CMA, 62) as Joint Managing Director and KMP for 3 years from 21 Sep 2026. He has 36 plus years of leadership experience at Cummins, Honeywell, Eaton, and was Global CFO at RSB Transmission. Separately, Mr. Ankur Gupta (CA, 25 years exp) joins as Deputy CFO from 1 Oct 2026 from Kirloskar Oil Engines. Postal ballot cut-off is 2 Oct 2026.

Likely market impact

External leadership addition signals professionalisation; shareholders to approve appointment via postal ballot