Oberoi Realty Limited has informed the Exchange about Resignation of Director/KMP/SMP

OBEROIRLTY · price

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Price reaction · full curve 14 horizons · vs prior close

-0.5%1-day move

₹1668.80

prior close

₹1669.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.0+0.6+1.0+0.9-0.5+0.6+0.1+2.2-2.2-3.2+2.3-2.5+16.8—

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AI summary

Oberoi Realty has informed the exchanges that Mr. Milind Naik, Executive Vice President - Construction, has resigned from his position. The resignation takes effect on April 30, 2026, with his last working day being that date. His resignation letter was originally dated February 24, 2026, and the reason cited is 'for future better prospects.' Mr. Naik was classified as a Senior Management Personnel (SMP), not a Key Managerial Personnel (KMP) or director.

Likely market impact

This is a routine SMP-level exit from the construction vertical, not a top leadership change. Shareholders are unlikely to see a material impact on the stock, though investors may want to watch for any successor announcement for the construction leadership role.