SERVOTECHNSEServotech Renewable Power System Limited· Electrical EquipmentHighNeutral
Announced Mon, 30 Mar, 2026 · 17:18 IST

Servotech Renewable Power System Limited has informed the Exchange regarding Appointment of Mr Abhishek Khandelwal as internal Auditor of the company w.e.f. March 30, 2026.

Cfo ResignedKmp ResignedManagement Changes View source PDFExplain this filing

SERVOTECH · 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
+10.2%Reaction day
₹62.20
prior close
₹64.10
announcement price
After-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used+4.6%+5.6% vs market
Other Electrical Equipment peers, median of 47sector+5.4%+4.8% vs sector

On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 4.8 pts more than its Other Electrical Equipment 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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Servotech Renewable Power System's board, at its meeting on March 30, 2026, approved several leadership changes. Chief Financial Officer Mr. Vikas Bhatia will step down effective end of March 31, 2026, to take up a new role within the company, and current Financial Controller Mr. Vipin Kaushik (a Chartered Accountant with over 20 years of experience in finance, taxation, and treasury) will be appointed as the new CFO from April 1, 2026. The board also appointed Mr. Prem Prakash, who brings 25+ years of cross-industry experience including EV infrastructure and consumer durables, as the new Chief Operating Officer from April 1, 2026. The previous COO, Mr. Anil Kumar Yadav, has been re-designated as Head – EPC Planning & Engineering and will continue with the company. Additionally, Mr. Abhishek Khandelwal, a Chartered Accountant with 8+ years in internal audit and risk control, has been appointed as Internal Auditor with immediate effect. All changes were recommended by the Nomination and Remuneration Committee and the Audit Committee.

Likely market impact

The CFO change looks orderly and well-managed — the successor is being promoted internally, which should keep financial continuity intact. The new COO's background in EV infrastructure and green mobility suggests the company is sharpening its focus on its electric vehicle charging and renewable energy businesses, which is a positive strategic signal for shareholders.