Outcome of Board Meeting held on May 15, 2025 - Appointment of Chief Financial Officer

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

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₹430.50

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+1.3% vs market

Footwear peers, median of 9sector+1.0%+1.1% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.1 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Relaxo Footwears announced a planned CFO transition at its board meeting on May 15, 2025. Mr. Sushil Batra, who served as Executive Director and CFO, relinquished the CFO role effective from the close of business hours on May 15, 2025, as part of the company's CFO succession plan. He will continue as Executive Director on the board. Mr. Prince Jain has been appointed as the new CFO and Key Managerial Personnel with effect from May 16, 2025. Mr. Jain brings over 16 years of finance experience, most recently as CFO and Director of Finance at Kimberly-Clark India, with prior stints at Hindustan Unilever and PepsiCo India. He is a Chartered Accountant (All India Rank 1) and Company Secretary (All India Rank 6).

Likely market impact

This is a planned, orderly succession rather than an abrupt exit, which is generally viewed positively by investors. Continuity is preserved as Mr. Batra stays on the board, and the incoming CFO has a strong profile from leading multinational FMCG companies. No immediate material impact on operations or financials is expected.