Announcement under regulation 30 for appointment & resignation

Cfo ResignedKmp 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

+1.5%Reaction day

₹7.19

prior close

₹7.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+1.5% vs market

Paper, Forest & Jute Products peers, median of 21sector · industry level-0.6%+2.1% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Paper, Forest & Jute Products 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

Stock

+1.0

10m

+1.0

15m

+1.0

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5-0.0+1.5-0.6+2.1

Next day

+2.4+0.4+1.9-0.6+3.0

+3.6+0.6+3.0-0.8+4.4

+8.3+1.0+7.3-0.7+9.1

+9.6+0.9+8.7-3.3+12.9

+10.2+0.8+9.3-1.5+11.7

+13.6+2.2+11.5-2.4+16.0

15d

+23.4-1.7+25.0-0.3+23.7

+28.9-0.5+29.4+2.9+26.1

+12.5-0.5+13.0-2.9+15.4

+15.4-4.7+20.2-6.0+21.4

UpDownMarket · Nifty Microcap 250Sector · Paper, Forest & Jute Products peers, median of 21Pending

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

AI summary

Pratik Panels Ltd held a board meeting on September 5, 2025 with several key decisions. Mr. Kiran Madhukar Devhare resigned as Whole-Time Director & CFO effective September 4, 2025, citing personal commitments. In his place, Mr. Pratik Satish Patil was appointed as the new Whole-Time Director & CFO for a 3-year term, subject to shareholder approval at the upcoming AGM. The board approved the 36th Annual General Meeting to be held on September 30, 2025 via video conferencing, along with the Annual Report and Director's Report for FY 2024-25. HSPN & Associates LLP was appointed as the new Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The company also proposed shifting its registered office from Bhiwandi to Mulund West, Mumbai, pending shareholder approval.

Likely market impact

Investors should note the sudden CFO transition, though the stated reason is personal and no governance flags were raised. The relocation of the registered office from Bhiwandi to a Mumbai address may signal efforts to upgrade the company's business profile or improve access to financial markets.