CEO of Paints Division resigns; internal successor appointed

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

SAURASHCEM · 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

-9.0%Reaction day

₹68.30

prior close

₹63.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-9.1% vs market

Cement & Cement Products peers, median of 36sector-0.3%-8.8% vs sector

On the reaction day the stock moved 9.1 pts less than Nifty Microcap 250 and 8.8 pts less than its Cement & Cement Products 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

+1.6

10m

+1.3

15m

+1.6

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-9.0+0.0-9.1-0.3-8.8

Next day

-10.8-0.0-10.8-0.6-10.2

-10.6-0.2-10.5-0.9-9.8

-10.8+0.2-11.0-2.0-8.8

-8.5+0.3-8.8-2.7-5.7

-12.2+0.4-12.6-3.3-8.9

-13.6+0.9-14.5-3.2-10.4

15d

-17.2+1.6-18.8-3.9-13.3

-18.3+2.0-20.3-4.1-14.2

-25.6+0.6-26.2-10.3-15.3

—————

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 36Pending

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

AI summary

Mr. Surender Bhatia, Chief Executive Officer of the Paints Division and designated Key Managerial Personnel, resigned with effect from the close of business on 14 August 2026. The Board had earlier approved the appointment of Ms. Sonali Sanas as the new CEO of the Paints Division effective 16 August 2026. She is an internal appointee with over 11 years at Saurashtra Cement, currently serving as Chief Legal Officer and Company Secretary, and brings 26 years of leadership experience.

Likely market impact

Smooth leadership transition at the Paints Division with an internal appointee, supporting continuity. Minimal expected impact on the stock.