CFO retires, internal appointee takes over; auditors named for FY27

Cfo ResignedKmp ResignedManagement Changes View source PDF

MANORG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-4.8%1-day move

₹578.00

prior close

₹580.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.9-0.9-0.9-3.4-4.8-5.7-4.0-7.4-8.0-8.0-0.7-9.2——

Up moveDown movePending

AI summary

Board approved retirement of CFO Mr. Shrirang Rajule effective June 30, 2026, upon reaching the company retirement age after 20 plus years of service. Mr. Manoj Mhapadi, a Chartered Accountant and current Head of Finance with 10 years at the company, appointed as new CFO from July 1, 2026. Mr. Vilas Vaghela named Internal Auditor and M/s NKJ and Associates as Cost Auditor for FY 2026-27.

Likely market impact

Planned CFO transition with internal promotion; new auditors in place for FY27. Low governance risk.