Announced Wed, 29 Jul, 2026 · 20:59 IST

Major board reshuffle: 4 directors and CFO exit, new CFO and directors appointed

Cfo ResignedKmp ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

-1.5%Reaction day

₹3839.00

prior close

₹3760.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.0% vs market

Other Construction Materials peers, median of 17sector-1.7%+0.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.1 pts more than its Other Construction Materials 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

+0.1

15m

+0.1

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.6-1.0-1.7+0.1

Next day

-0.6+0.5-1.1+0.0-0.7

-2.3+1.9-4.2+0.8-3.2

-6.5+2.3-8.8+1.5-8.0

-11.2+3.6-14.8+1.0-12.1

-15.3+4.0-19.2+3.0-18.3

-19.2+4.0-23.2+6.2-25.4

15d

-5.4+4.9-10.3+1.9-7.3

+6.0+5.9+0.1+0.8+5.2

—+4.8—+1.0—

—————

UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 17Pending

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

AI summary

Board reshuffle at Midwest Energy: 4 directors and CFO resigned effective 28-29 July 2026 for personal reasons. New Independent Director Dinabandhu Mohapatra (ex-Bank of India MD and CEO) appointed. Kollareddy Ranganayakamma (mother of promoter) joins board. Rama Devi Dasari is new CFO. Also approved Rs 12.5 lakh per month consultancy to ex-Whole-time Director Deepak Kukreti.

Likely market impact

Sharp leadership churn including CFO exit. Promoter family influence rises with mother's appointment. Mixed governance signal for retail investors.