Announced Mon, 21 Sept, 2026 · 17:39 IST

CFO and Company Secretary resign amid change in control

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

+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

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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 and Compliance Officer Mr. Darshan Bipinchandra Shah resigned from Lippi Systems Ltd effective September 21, 2026. Both cited the completion of an Open Offer and consequent change in control and management, aimed at smooth handover to the new management. Both confirmed no dispute with the board. The company will appoint suitable replacements.

Likely market impact

Transition after change in control. CFO and Company Secretary roles now vacant with replacements pending. Watch for new strategy under incoming management.