CFO Kushagra Gupta resigns effective 4 November 2026

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

+7.8%Reaction day

₹14.83

prior close

₹15.99

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+5.6% vs market

Edible Oil peers, median of 24sector+0.7%+7.2% vs sector

On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 7.2 pts more than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+7.8+2.2+5.6+0.7+7.2

Next day

+11.3+3.3+7.9+2.1+9.1

+9.4pendingpending+3.2+6.1

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UpDownMarket · Nifty Microcap 250Sector · Edible Oil peers, median of 24Pending

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

AI summary

Prima Industries disclosed that Kushagra Gupta resigned as Chief Financial Officer. His last working day and effective date of relief were 4 November 2026. He said the resignation arose from board reconstitution following the death of the existing Managing Director, with no other material reason. The board was to record the resignation at its next meeting.

Likely market impact

The company faces a CFO vacancy with no successor announced, creating some short-term finance leadership and governance uncertainty.