Kolte-Patil Developers appoints Hrishikesh Parandekar as new CEO

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

KOLTEPATIL · 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

+1.8%Reaction day

₹456.70

prior close

₹462.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.3% vs market

Residential Commercial Projects peers, median of 64sector+0.9%+0.9% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 0.9 pts more than its Residential Commercial Projects 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

+5.0

10m

+3.9

15m

+3.6

30m

+4.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.5+1.3+0.9+0.9

Next day

+2.3+0.8+1.5+1.1+1.2

-0.6+1.0-1.6+1.3-1.8

+0.7+0.6+0.1+0.7+0.1

-0.3+1.2-1.5+0.6-0.9

-2.0+0.9-3.0-0.2-1.9

-1.5+1.6-3.1-0.5-1.0

15d

-2.1+1.9-4.0-3.6+1.4

-6.5+0.8-7.3-4.0-2.5

-8.5-5.7-2.8-9.6+1.1

—————

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 64Pending

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

AI summary

Board appointed Mr. Hrishikesh Parandekar as Chief Executive Officer effective 24 August 2026, with board approval given on 19 August 2026. He is an IIM Ahmedabad Gold Medalist, holds a PGDM in Finance and a degree from University of Mumbai. His prior roles include consultant at McKinsey, Managing Director at Morgan Stanley US, CEO of Karvy Group and Ambit Holdings, Chairman of Sugee Group (real estate), and most recently led real estate investing at Alpha Alternatives.

Likely market impact

New external CEO brings strong finance and real estate leadership experience, potentially strengthening execution and strategic direction for the company.