Announced Tue, 30 Jun · 14:31 IST
CFO Gaurav Baid resigns amid change in control and management
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹138.10
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.0-2.2+2.5—-5.1-10.2-3.4———
Up moveDown movePending
AI summary
Mr. Gaurav Baid has resigned as Chief Financial Officer and Key Managerial Personnel of Simandhar Impex Ltd with effect from June 30, 2026. His resignation follows a change in control and management of the company under a Share Purchase Agreement dated January 14, 2026 between existing promoters and acquirers, in line with SEBI takeover rules. The board has simultaneously approved the appointment of a new CFO to ensure continuity in operations.
Likely market impact
CFO exit is tied to a takeover by new promoters. A replacement CFO is appointed immediately, so day to day finance work should continue. Watch for more board changes.