Raymond appoints Bhanu Prakash Srivastava as CEO of Defense Business

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

RAYMOND · price

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

+1.2%Reaction day

₹611.40

prior close

₹614.65

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.0% vs market

Industrial Products peers, median of 129sector-0.2%+1.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.4 pts more than its Industrial 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

+2.1

10m

+1.9

15m

+1.7

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2+0.2+1.0-0.2+1.4

Next day

-0.1-0.5+0.4-1.2+1.2

-2.5-2.5-0.0-3.0+0.5

+2.1-0.6+2.7-1.1+3.2

+3.1+0.7+2.4-0.2+3.3

+2.2+0.9+1.4-0.4+2.6

-0.4+0.5-0.9-1.0+0.6

15d

-2.5-0.2-2.3-2.9+0.4

+2.3+2.9-0.6-2.1+4.4

+26.8+5.0+21.8-0.3+27.0

+109.2+3.7+105.5-0.8+110.0

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

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

AI summary

Raymond has appointed Mr. Bhanu Prakash Srivastava as CEO of its Defense Business effective July 6, 2026, classified as Senior Management Personnel. He is an external hire with over four decades of experience at Bharat Electronics Limited (BEL), where he served as Chairman and Managing Director from 2022 to 2024. He holds a B.Tech in Mechanical Engineering from IIT-BHU and an MBA. His expertise spans radars, sonars, missile systems, and C4I systems for military applications.

Likely market impact

Brings a seasoned defense sector veteran (ex-CMD of BEL) to lead Raymond's defense business, indicating a serious strategic push into the segment.