Announced Tue, 25 Aug · 13:38 IST

Board Outcome: CFO Resignation, MD Succession, Auditor Appointments

Cfo ResignedKmp ResignedPromoter Family Board EntryManagement Changes View source PDFExplain this filing

Price

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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹200.00
prior close
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-8.5-9.1-7.3-7.5-12.0
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AI summary

Board approved 24th AGM on Sep 29, 2026. Mr. Prashant Krishnamurthy resigned as CFO effective Oct 31, 2026 and will be redesignated as Managing Director from Nov 1, 2026. Krishnamurthy Ganesan redesignated from MD to Chairman. Amarendra Mohapatra appointed new CFO and Kush Mishra appointed Company Secretary from Aug 25, 2026. One new Independent Director appointed, two others reappointed for another 3 year term. Auditor appointments approved for FY27. Remuneration revised for executive directors.

Likely market impact

Planned family led succession as founder moves to Chairman and son elevated to MD; new external CFO and Company Secretary in place. Routine reshuffle.