CFO Navraj Bhatt resigns citing personal reasons

Cfo ResignedManagement Changes View source PDF Explain this filing

Price

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▲ 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

-12.4%Reaction day

₹25.24

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-11.2% vs market

Civil Construction peers, median of 99sector-1.1%-11.4% vs sector

On the reaction day the stock moved 11.2 pts less than Nifty Microcap 250 and 11.4 pts less than its Civil Construction 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-12.4-1.3-11.2-1.1-11.4

Next day

-8.6-1.3-7.4-1.8-6.9

-9.7+0.0-9.7-1.0-8.7

+8.5-0.2+8.7-1.1+9.6

+22.8-3.0+25.8-2.4+25.2

+9.4-2.7+12.1-2.6+11.9

+18.6-1.7+20.3-1.6+20.3

15d

-14.1-8.9-5.2-8.7-5.4

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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

AI summary

Mr. Navraj Bhatt, Chief Financial Officer of Modern Engineering and Projects Limited, has resigned effective close of business on September 30, 2026, citing personal reasons. The intimation was filed under SEBI LODR Regulation 30 by Managing Director Fattehsingh Krishnrao Patil. No replacement CFO has been announced in this filing.

Likely market impact

CFO exit may cause short-term leadership uncertainty. Watch for a successor announcement and any transition impact on financial reporting.