Sumit Zaveri named CEO for India Business from November 1, 2026

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

-5.2%Reaction day

₹92.38

prior close

₹96.00

announcement price

After-mkt

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Nifty Microcap 250marketpendingvs market: pending

Restaurants peers, median of 11sector-1.6%-3.6% vs sector

On the reaction day the stock moved 3.6 pts less than its Restaurants 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

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UpDownMarket · Nifty Microcap 250Sector · Restaurants peers, median of 11Pending

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

AI summary

The board appointed Sumit Zaveri as Chief Executive Officer for the India Business, effective November 1, 2026. This is an internal role change from Group Chief Financial Officer and Chief Business Officer. He remains a key company executive and will report to Group CEO Rajeev Varman. The board also appointed Shivakumar Dega as an independent director for five years, pending shareholder approval, and Anand Bathiya as a non-executive director.

Likely market impact

Shareholders get clearer leadership for the India business. Because Zaveri is an internal appointee, the immediate stock impact is likely limited.