RGF Capital Markets: Full management change after RBI approval
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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RGF Capital Markets saw a complete board overhaul after RBI approved change in management on Sept 24, 2026. Managing Director and CFO Sagar Mal Nahata, Director Sujit Kumar Panda, and Independent Director Basanti Roy all resigned. Nishad Jitendra Shah (promoter, holding 44.27 lakh shares) appointed as new Managing Director until Sept 2031, with his wife Rajshree Shah (32.57 lakh shares) as Non-Executive Director. Mit Gandhi joins as CFO, Amar Chokshi as Independent Director, and Shivam Prajapati as Company Secretary. Audit and NRC committees were also reconstituted.
Full change of control with new promoter family at the helm; likely signals a strategic direction shift for the company.