CFO Harsh Jhunjhunwala resigns with immediate effect

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

+4.1%Reaction day

₹151.55

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+4.7% vs market

Residential, Commercial Projects peers, median of 56sector-0.0%+4.1% vs sector

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 4.1 pts more than its Residential, Commercial Projects 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

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 56Pending

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AI summary

Mr. Harsh Jhunjhunwala has resigned as Chief Financial Officer of RDB Real Estate Constructions Ltd with immediate effect from June 24, 2026, citing personal and professional commitments. The Board has accepted his resignation. He also ceases to be a Key Managerial Personnel under the Companies Act. The company has not announced a replacement yet.

Likely market impact

Sudden CFO exit may create short-term uncertainty in finance leadership and reporting until a replacement is appointed.