CFO and Executive Director Abhishek Dobariya resigns effective 4 Aug 2026

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹80.30

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+2.9% vs market

Industrial Products peers, median of 129sector+0.4%+3.8% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.8 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2+1.3+2.9+0.4+3.8

Next day

+4.6+1.6+3.0+0.5+4.1

+8.3+1.7+6.7+0.6+7.7

+8.3+1.6+6.7+1.1+7.3

+13.6+1.5+12.1+0.3+13.2

+18.9+1.8+17.1-0.1+19.0

+23.5+2.1+21.4-0.5+24.0

15d

+19.6+3.2+16.4+0.2+19.4

+39.5+3.7+35.8+0.8+38.7

+102.9+1.1+101.7-0.9+103.8

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

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

AI summary

Mr. Abhishek Arvindbhai Dobariya has resigned from the positions of Chief Financial Officer and Executive Director of Shining Tools Limited, effective 4th August 2026. The reason cited is pre-occupation and increased professional commitments. The company stated there are no other material reasons for the exit. Managing Director Vipulbhai Laljibhai Ghonia remains on the board. No replacement has been announced in this filing.

Likely market impact

Loss of both CFO and Executive Director in a single exit. Watch for replacement announcement; may cause short-term uncertainty in financial oversight.