CFO Hemant N. Shah resigns effective October 31, 2025

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

SHREERAMA · price

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

-1.7%Reaction day

₹58.40

prior close

₹57.63

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-2.8% vs market

Packaging peers, median of 64sector+0.0%-1.7% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 1.7 pts less than its Packaging 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

-1.1

10m

-0.6

15m

-0.8

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7+1.1-2.8+0.0-1.7

Next day

-4.1+0.3-4.4-0.6-3.5

-5.5-1.4-4.1-1.8-3.6

-8.6-1.0-7.6-1.9-6.7

-6.3-1.4-4.9-1.7-4.5

-9.2-1.6-7.6-1.9-7.3

-7.6-0.8-6.8-2.9-4.7

15d

-11.8-3.6-8.3-6.1-5.8

-12.1-4.0-8.0-6.3-5.8

+13.3-3.9+17.1-8.6+21.8

+0.7-8.4+9.2-12.6+13.3

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 64Pending

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

AI summary

Hemant N. Shah resigned as Chief Financial Officer after completing the required 90-working-day notice period. The company accepted his resignation effective at the close of business on October 31, 2025. He stated there were no material reasons for leaving. No successor was named in the filing.

Likely market impact

The departure leaves a senior finance role vacant and may create short-term management uncertainty. No successor or financial impact was disclosed.