Omaxe Limited has informed the Exchange regarding Cessation of Mr Manoj Kumar Dua as Chief Financial Officer of the company w.e.f. August 13, 2025.

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

OMAXE · price

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

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+1.5% vs market

Residential Commercial Projects peers, median of 59sector-0.0%+1.3% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.3 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Mr. Manoj Kumar Dua has stepped down as Chief Financial Officer and Key Managerial Personnel of Omaxe Limited, effective from the close of business hours on August 13, 2025. His resignation is attributed to increased responsibilities within the company, as stated in his resignation letter dated August 6, 2025. Importantly, he will continue to serve the company in a new role as President – Corporate Accounts, ensuring continuity in financial oversight. The company has confirmed there are no other material reasons for the resignation and is currently searching for a suitable replacement for the CFO position. This disclosure was made under SEBI LODR Regulation 30 read with the November 11, 2024 SEBI Master Circular.

Likely market impact

This is largely an internal reshuffle rather than a full exit, as the outgoing CFO remains with the company, which should reassure investors. Shareholders should watch for the appointment of a new CFO, as a prolonged vacancy at this key position could create uncertainty around financial reporting and strategic decision-making.