CFO Mahendra Kumar Bhurat resigns citing age, effective 30 Sep 2026

Cfo ResignedManagement Changes View source PDF Explain this filing

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

+1.4%Reaction day

₹15.54

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%+2.6% vs market

Civil Construction peers, median of 99sector-1.1%+2.4% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.4 pts more 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4-1.3+2.6-1.1+2.4

Next day

-0.6-1.3+0.6-1.9+1.2

-1.9+0.0-1.9-1.0-0.9

-1.0-0.2-0.8-1.0-0.0

-1.1-3.0+1.9-2.4+1.3

-0.6-2.7+2.1-2.6+1.9

-1.7-1.7+0.0-1.6-0.1

15d

-13.1-8.9-4.3-8.7-4.5

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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

Modulex Construction Technologies announced the resignation of Chief Financial Officer Mr. Mahendra Kumar Bhurat, effective close of business on 30 September 2026. He cited attaining age 74 and a personal desire to step back from active professional work. He confirmed there is no disagreement with the company, board, or management. The company has not yet named a replacement.

Likely market impact

Key finance leadership vacancy; may create short-term uncertainty until a new CFO is appointed, though reasons are personal, not governance-related.