Submission regarding appointment of CFO w.e.f. 29.05.2026

Cfo ResignedKmp ResignedManagement Changes View source PDF

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

Price reaction · full curve 14 horizons · vs prior close

+0.9%1-day move

₹117.60

prior close

₹127.00

base price

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-1.6-1.6+0.8+0.3+0.9+6.3+4.6+3.0+3.1+3.3+6.3+2.0——

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AI summary

The Board of Directors approved the resignation of Mr. Boorugu Venkatesham as CFO effective close of business on May 28, 2026, citing personal reasons. Simultaneously, Mr. Veera Raghavaiah Panchagnula was appointed as the new CFO effective May 29, 2026. Notably, Mr. Panchagnula is an internal promotion—he was serving as General Manager-Finance at the same company since August 2023, with over 30 years of finance leadership experience across listed companies and MNCs. Additionally, M/s Apical Business Advisory Services LLP was appointed as the Internal Auditor for FY 2026-27.

Likely market impact

The back-to-back resignation and appointment suggests a smooth transition with an experienced internal candidate taking over the CFO role. The resignation citing personal reasons with no material disagreements is typically viewed neutrally by markets.