Change of management at RGF Capital: MD and CFO resign, new promoters take charge

Ceo ResignedCfo ResignedPromoter Family Board EntryKmp ResignedDirector ResignedManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

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15m

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30m

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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

+74.8-6.1+80.9-4.9+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

Following RBI approval for change in management (Sept 24, 2026), RGF Capital Markets saw a complete board overhaul on Oct 5, 2026. Mr. Sagar Mal Nahata resigned as MD, Director and CFO; Mr. Sujit Kumar Panda resigned as Director; and Mrs. Basanti Roy resigned as Independent Director. New promoter Nishad Jitendra Shah (44.27 lakh shares) was appointed MD, along with wife Rajshree Shah as Director. New CFO Mit Gandhi, CS Shivam Prajapati, and Independent Director Amar Chokshi were also appointed.

Likely market impact

Complete change of control at RGF Capital. New promoters hold around 76.84 lakh shares and now lead the company. Significant governance shift.