CFO K Lalitha resigns; Srishti M Bathija appointed; independent director added

Cfo ResignedManagement Changes View source PDF Explain this filing

MANALIPETC · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹65.90

prior close

₹65.94

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.5% vs market

Petrochemicals peers, median of 13sector-1.2%-0.6% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.6 pts less than its Petrochemicals 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

+0.1

10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.8-0.3-1.5-1.2-0.6

Next day

-2.1-0.5-1.6-1.0-1.1

-1.8-0.8-1.0-1.8-0.0

+7.8-0.6+8.4-0.5+8.2

+10.8+0.1+10.7-2.3+13.1

+11.2-0.5+11.7-3.1+14.3

+12.8-0.6+13.4-4.1+16.9

15d

+11.7+1.3+10.4-0.3+12.0

+5.5-0.2+5.7-4.2+9.7

-8.2-6.8-1.4-12.9+4.7

-7.3-3.4-3.9-11.4+4.1

UpDownMarket · Nifty Microcap 250Sector · Petrochemicals peers, median of 13Pending

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

AI summary

On 3 October 2025, K Lalitha resigned as CFO and from key management duties with immediate effect, while continuing in finance to support handover. The board appointed chartered accountant Srishti M Bathija as CFO immediately. She has over 10 years in finance and was previously CFO and director of TIMAC Agro India. It also appointed Anand Raghavan as an independent director for five years, subject to shareholder approval by postal ballot.

Likely market impact

Immediate CFO handover supports continuity. A new independent director may improve oversight, but the five-year appointment needs shareholder approval.