Shankar Jambhavadekar appointed Chief Financial Officer

Management Changes View source PDF Explain this filing

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

+3.4%Reaction day

₹53.90

prior close

₹55.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+2.8% vs market

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250, 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

+0.9

10m

+0.9

15m

+0.9

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+3.4+0.7+2.8

Next day

+3.9pendingpending

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15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

The board appointed Shankar Suryakant Jambhavadekar as Chief Financial Officer with immediate effect on 28 October 2026. He is an Account Executive at Shah Baxi and Associates, with experience in accounting, taxation, GST compliance, financial reporting, bank reconciliation, MIS reporting and audit-related work. He is not related to any director or key managerial personnel.

Likely market impact

The company has a new CFO from 28 October 2026. No remuneration terms or direct financial impact were disclosed.