Relaxo Footwears Limited has informed the Exchange about change in Management

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

RELAXO · price

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

+2.1%Reaction day

₹430.50

prior close

₹433.10

announcement price

After-mkt

timing

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.1

15m

+0.4

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+0.8+1.3+1.0+1.1

Next day

+0.9+2.0-1.0+1.6-0.7

-1.5+0.9-2.4+0.8-2.3

-0.1+1.7-1.8+2.6-2.7

+2.4+1.6+0.9+3.0-0.6

+4.2+2.2+1.9+4.8-0.6

+2.4+2.7-0.3+3.7-1.3

15d

+4.0+4.5-0.5-1.4+5.4

-2.0+5.6-7.6-1.1-0.9

+15.0+9.0+6.0+0.6+14.4

+8.6+3.5+5.0-5.4+14.0

UpDownMarket · Nifty Microcap 250Sector · Footwear peers, median of 9Pending

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

AI summary

Relaxo Footwears has changed its Chief Financial Officer as part of a planned succession. Mr. Sushil Batra, who served as Executive Director and CFO, has stepped down from the CFO role effective end of business on May 15, 2025, but will continue as Executive Director on the board. The Board has appreciated his contribution during the company's growth phase. Mr. Prince Jain has been appointed as the new CFO and Key Managerial Personnel from May 16, 2025. He brings over 16 years of finance leadership experience, most recently serving as Director – Finance and CFO at Kimberly-Clark India, and has previously worked at Hindustan Unilever and PepsiCo India. He is a Chartered Accountant with All India Rank 1 and a Company Secretary with All India Rank 6.

Likely market impact

This is an orderly, planned CFO transition with the outgoing CFO staying on as Executive Director, which provides continuity. The incoming CFO has a strong consumer industry background from top multinationals, which may be viewed positively by the market.