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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StockMarketvs marketSectorvs sector

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

Chief Financial Officer Kushagra Gupta resigned effective 4 November 2026, his last working day. He said the resignation arose from board reconstitution following the existing Managing Director's death, with no other material reason stated. The board will record the resignation at its next meeting; no successor was announced.

Likely market impact

Leadership turnover may create short-term uncertainty, but no successor was announced and no other material reason for the departure was reported.