Full board overhaul after change in control, new promoter takes charge

CEO resignedExternal CEO appointedAuditor resigned mid-termPromoter family joins the boardManagement 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

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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.

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Reaction day

+5.0-0.3+5.3

Next day

+10.2+0.8+9.5

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AI summary

Following a change in control, Photon Capital Advisors reconstituted its entire board on June 25, 2026. Five directors resigned, including Whole-time Director Sobharani Nandury and Independent Director Venkata Subash Lingareddy. Five new directors were appointed, with Sreeram Reddy Vanga as new Chairman and Managing Director. Family members of the new CMD also joined the board. Statutory auditor M Anandam and Co resigned mid-term and was replaced by SNDJ and Co.

Likely market impact

New promoter-led management takes full control with family on board. Signals a strategic shift and likely change in business direction.