CFO Gaurav Baid resigns amid change in control and management

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

-4.1%Reaction day

₹138.10

prior close

₹132.50

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-5.1% vs market

Gems, Jewellery And Watches peers, median of 36sector-0.0%-4.0% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 4.0 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 36Pending

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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.