CFO resigns, new CEO and CFO appointed, Q1 results approved

Cfo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF Explain this filing

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

-9.5%Reaction day

₹210.00

prior close

₹207.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-9.5% vs market

Auto Components & Equipments peers, median of 116sector+0.4%-9.9% vs sector

On the reaction day the stock moved 9.5 pts less than Nifty Microcap 250 and 9.9 pts less than its Auto Components & Equipments 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

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Sessions after the filingfrom the prior close

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Reaction day

-9.5+0.0-9.5+0.4-9.9

Next day

-7.7-0.0-7.6+0.0-7.7

-8.1-0.2-7.9+0.1-8.2

-1.6+0.2-1.8+0.4-1.9

-2.4+0.3-2.7-0.8-1.6

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15d

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+14.3+2.0+12.2-1.1+15.4

+9.0+0.6+8.5-2.8+11.8

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 116Pending

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

AI summary

The board approved CFO Mr. Dhruv Pandya's resignation effective Aug 24, 2026, and appointed Mr. Suryakant Sethia (Chartered Accountant, 20+ years experience) as new CFO from Aug 25. Mr. Krishna Mohan (29 years in manufacturing operations) was appointed CEO from Aug 7. Standalone Q1 FY27 revenue rose to Rs 6,097 lakhs versus Rs 4,975 lakhs YoY, with profit at Rs 383.54 lakhs versus Rs 223.51 lakhs YoY. EPS stood at Rs 3.42. The 66th AGM is scheduled for Sept 22, 2026.

Likely market impact

Strong YoY growth in Q1 results is positive. CEO and CFO changes indicate a leadership transition; new hires bring strong domain expertise.