Interim CFO steps down; Ashok Kumar Bhura appointed CFO

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

NUCLEUS · 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

+0.1%Reaction day

₹1002.00

prior close

₹1004.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.2% vs market

Software Products peers, median of 32sector+0.0%+0.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.1 pts more than its Software Products 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

+0.5

10m

+0.4

15m

+0.2

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+1.3-1.2+0.0+0.1

Next day

-0.6+1.0-1.6-0.1-0.5

+0.4+0.8-0.4-0.7+1.1

+0.1+0.5-0.4-0.4+0.5

+0.3+0.7-0.4-0.1+0.4

+0.4+1.4-1.0+1.3-0.9

+1.7-0.3+2.0+2.2-0.5

15d

+0.7+2.4-1.7+1.2-0.5

+3.5+3.6-0.1+2.0+1.6

-8.7-1.6-7.1-5.7-3.0

-7.5-1.5-6.0-7.7+0.2

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 32Pending

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

AI summary

Interim CFO Vishnu R Dusad stepped down on October 1, 2025, at his request and will remain Managing Director. Ashok Kumar Bhura was appointed CFO on the same date. The Board approved both changes after recommendations from its nomination, remuneration and audit committees. Bhura is a Chartered Accountant with more than 25 years of finance experience and an Executive MBA from IIM Ahmedabad.

Likely market impact

An orderly handover to an experienced successor reduces management disruption, while Dusad's continued Managing Director role supports continuity.