Change of control: 5 directors exit, new CMD appointed, auditor replaced

Ceo Appointed ExternalAuditor Resigned MidtermPromoter Family Board EntryKmp ResignedManagement Changes View source PDF Explain this filing

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

+5.0%Reaction day

₹161.10

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%+5.3% vs market

On the reaction day the stock moved 5.3 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

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.0-0.3+5.3

Next day

+10.2+0.8+9.5

+15.7+0.9+14.8

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+27.6+1.5+26.1

+33.9+1.7+32.3

+47.6-1.1+48.7

15d

+103.6+1.0+102.6

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+116.0+6.4+109.7

+131.5+5.5+126.1

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Photon Capital Advisors saw a full board overhaul after a change in control. Five directors, including Whole-time Director Sobharani Nandury, resigned citing the new promoter's board reconstitution. Sreeram Reddy Vanga was named Chairman and Managing Director for 3 years. Four other directors and a new Company Secretary were appointed. Statutory auditor M. Anandam & Co resigned mid-term and was replaced by SNDJ & Co from June 26, 2026.

Likely market impact

Change of control and promoter restructuring. Watch for strategy shifts and governance signals from related-party board appointments.