CFO Suparna Banerjee Bhattacharyya resigns effective September 15, 2025
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On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.8 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CFO Suparna Banerjee Bhattacharyya resigned from the CFO, key managerial personnel and senior management roles effective at close of business on September 15, 2025. She said she was leaving to pursue a career opportunity outside the organisation and reported no other material reason. No successor was announced.
The departure leaves a key finance leadership vacancy and may create short-term uncertainty; the filing gives no successor details.