CFO and Company Secretary resign after change in control

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

+5.0%Reaction day

₹221.05

prior close

₹219.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.6% vs market

Industrial Products peers, median of 132sector+0.4%+4.6% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.6 pts more than its Industrial Products 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

+5.8

10m

+6.0

15m

+6.0

30m

+5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+0.4+4.6+0.4+4.6

Next day

+9.5+1.7+7.8+0.9+8.5

+5.0+0.2+4.8+0.3+4.7

+6.3+0.5+5.8+0.1+6.3

+6.3-1.1+7.4-0.6+7.0

+5.9-0.1+5.9-1.4+7.2

-3.2-1.6-1.6-1.9-1.3

15d

+5.1-1.4+6.5-2.5+7.6

+1.7-7.4+9.1-7.0+8.6

—————

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 132Pending

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

AI summary

CFO Mr. Gopalkrishna D. Sharma and Company Secretary Mr. Darshan Bipinchandra Shah have resigned effective September 21, 2026. Both resignations follow the completion of an Open Offer and consequent change in control and management of the company. Both officials confirmed there are no disputes with the board. The company will appoint suitable replacements.

Likely market impact

Change of control confirmed through completed Open Offer. New management will appoint replacements for both key positions.