Change in management: new promoter MD, CFO, directors appointed

Cfo ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

Price

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

+4.8%Reaction day

₹2.10

prior close

₹2.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+4.8% vs market

Non Banking Financial Company (NBFC) peers, median of 221sector-0.0%+4.8% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 4.8 pts more than its Non Banking Financial Company (NBFC) 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

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15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8+0.0+4.8-0.0+4.8

Next day

+10.0+1.3+8.7-0.3+10.3

+15.2+1.1+14.2-0.2+15.5

+21.0-1.7+22.7-2.2+23.1

+26.7-1.4+28.1-1.7+28.4

+32.9-0.6+33.5-1.3+34.1

+45.7+0.3+45.4-0.5+46.2

15d

+74.8pendingpending-4.9+79.7

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 221Pending

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

AI summary

RGF Capital Markets underwent a change in management after RBI approval (Sept 24, 2026). Mr. Nishad Jitendra Shah (holds 44.27 lakh shares) appointed MD till Sept 2031, and his wife Mrs. Rajshree Shah (32.56 lakh shares) as Non-Executive Director, both under promoter category. New CFO is Mr. Mit Gandhi (ex-HDFC Bank), new Independent Director Mr. Amar Chokshi, new Company Secretary Mr. Shivam Prajapati. Previous MD, CFO, Director and Independent Director all resigned.

Likely market impact

Fresh promoter-led leadership takes over after RBI approval. Watch how the new team executes growth plans and lifts business performance.