Shoppers Stop CFO resigns; Pankaj Chaturvedi named new CFO

Cfo ResignedManagement Changes View source PDF Explain this filing

SHOPERSTOP · price

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

+1.5%Reaction day

₹409.20

prior close

₹410.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.0% vs market

Diversified Retail peers, median of 9sector-0.8%+2.3% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.3 pts more than its Diversified Retail 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

-2.5

10m

-3.4

15m

-3.6

30m

-4.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5-0.5+2.0-0.8+2.3

Next day

-0.3-1.0+0.7-0.8+0.5

-2.2-2.5+0.2-4.2+1.9

-9.9-3.2-6.7-5.4-4.5

-11.4-2.2-9.2-5.4-6.0

-9.9-1.9-8.0-5.5-4.5

-18.4-3.5-14.9-9.4-9.0

15d

-25.5-8.8-16.7-15.9-9.5

-25.3-9.3-16.1-18.3-7.1

-27.2-4.5-22.7-10.7-16.5

-15.6+5.4-21.0-2.1-13.6

UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 9Pending

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

AI summary

Shoppers Stop's Chief Financial Officer Mr. Karunakaran Mohanasundaram has resigned to pursue a career opportunity outside the company, effective close of business on February 17, 2026. The board has appointed Mr. Pankaj Chaturvedi as the new CFO from April 1, 2026. He is a Chartered Accountant with 25 years of experience, having held CFO roles at Saregama India and Go Airlines, and senior positions at Vodafone, Reliance Jio, and Hitachi.

Likely market impact

Orderly succession with no governance red flags. There is a short gap between the outgoing CFO's last day and the new CFO's start date.