Announced Thu, 27 Aug, 2026 · 18:13 IST

CFO Ajay R. Shah resigns due to personal commitments, continues as Director

Cfo ResignedManagement Changes View source PDF Explain this filing

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

-0.6%Reaction day

₹15.10

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.9% vs market

Specialty Chemicals peers, median of 103sector+0.5%-1.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.1 pts less than its Specialty Chemicals 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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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6+0.3-0.9+0.5-1.1

Next day

+4.0+0.6+3.4-0.0+4.0

+6.0-0.4+6.3-0.5+6.4

+0.7-0.9+1.6-0.4+1.1

-4.4-0.3-4.0+0.3-4.7

+0.9+0.3+0.5+0.7+0.2

+11.1+1.3+9.9+1.5+9.6

15d

+19.2-0.1+19.3-0.8+20.0

+11.9-1.2+13.2+0.5+11.5

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 103Pending

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

AI summary

Mr. Ajay Rajnikant Shah resigned as Chief Financial Officer of Organic Coatings Ltd. effective 17 August 2026, citing personal commitments. He will continue in his role as Wholetime Director of the company. The company delayed submitting this disclosure to the stock exchange within the required timeline and was directed by BSE to file a fresh announcement. Mr. Shah confirmed there are no other material reasons behind his exit from the CFO position.

Likely market impact

CFO transition needed but continuity preserved as Shah stays on board. Late disclosure flag is a minor governance concern for shareholders.