Cessation of Mr. Surendra Chhalani as the Chief Financial Officer of the Company w.e.f. 01st October, 2025

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

+0.3%Reaction day

₹3.15

prior close

₹3.30

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.0% vs market

Non Banking Financial Company (NBFC) peers, median of 198sector+0.0%+0.3% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.3 pts more than its Non Banking Financial Company (NBFC) 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

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 198Pending

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

AI summary

Mega Corporation Ltd has informed the stock exchanges that Mr. Surendra Chhalani has stepped down as Chief Financial Officer of the company, effective from 1st October 2025. The resignation was submitted due to personal reasons and ongoing health concerns, and the outgoing CFO has confirmed there are no other undisclosed material reasons. The disclosure was filed under SEBI's Listing Regulations, signed by Mr. Kunal Lalani (Director) on behalf of the company. No interim or permanent replacement CFO has been announced in this filing.

Likely market impact

The departure of the CFO, who is a Key Managerial Personnel, may raise short-term governance and continuity concerns among investors, especially since no successor has been named yet. Shareholders should watch for a follow-up announcement regarding appointment of a new CFO, as an extended vacancy could affect financial reporting timelines.