SMLMAHBSESML MAHINDRA LIMITED· Agricultural Commercial & Construction VehiclesHighNeutral

Announced Mon, 12 Oct, 2026 · 17:06 IST

CFO transition at SML Mahindra: new CFO from Jan 2027, interim appointed

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

SMLMAH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+5.9%Reaction day

₹5790.00

prior close

₹5858.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%+5.7% vs market

Agricultural Commercial & Construction Vehicles peers, median of 10sector · industry level+1.1%+4.8% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 4.8 pts more than its Agricultural Commercial & Construction Vehicles 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

-0.1

10m

-0.8

15m

-0.8

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.9+0.2+5.7+1.1+4.8

Next day

+5.9+0.9+5.0+1.4+4.5

+4.1-0.8+4.8+0.3+3.7

+5.8-0.1+5.8+1.0+4.7

+4.8-1.7+6.6-0.6+5.5

-5.0-4.3-0.7-3.5-1.5

-16.7-7.5-9.2-6.1-10.5

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Agricultural Commercial & Construction Vehicles peers, median of 10Pending

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

AI summary

Board approved CFO transition at SML Mahindra. Mr. Pushkar Patwardhan steps down as CFO from close of 19 Oct 2026 to pursue career outside Mahindra Group. Ms. Manaswini Goel appointed as Interim CFO from 20 Oct to 31 Dec 2026. Mr. Surender Kalra, a Chartered Accountant with 30 plus years experience in Mahindra Swaraj Division, takes over as permanent CFO from 1 Jan 2027. Also, Mr. Ashudeep Saddi appointed as CHRO from 19 Oct 2026.

Likely market impact

Smooth CFO succession with internal Mahindra Group candidates. Outgoing CFO leaves for outside opportunity. Minimal disruption expected for shareholders.