SMLMAHBSESML MAHINDRA LIMITED· Agricultural Commercial & Construction VehiclesHighNegative
Announced Mon, 12 Oct, 2026 · 16:59 IST

SML Mahindra CFO Pushkar Patwardhan resigns, successors named

Cfo ResignedManagement Changes View source PDFExplain 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
5m
-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
2d
+4.1-0.8+4.8+0.3+3.7
3d
+5.8-0.1+5.8+1.0+4.7
4d
+4.8-1.7+6.6-0.6+5.5
5d
-5.0-4.3-0.7-3.5-1.5
1w
-16.7-7.5-9.2-6.1-10.5
15d
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1m
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2m
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3m
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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 accepted Mr. Pushkar Patwardhan's resignation as CFO effective close of 19th October 2026; he is leaving to pursue a career outside the Mahindra Group. Ms. Manaswini Goel, currently CFO for Aerospace, Advanced Technologies, and Trucks and Buses at Mahindra Group, will serve as Interim CFO from 20th October to 31st December 2026. Mr. Surender Kalra, currently VP Finance at Swaraj Division, will take over as full-time CFO from 1st January 2027. Mr. Ashudeep Saddi appointed as CHRO from 19th October 2026.

Likely market impact

Planned transition with both interim and permanent CFO replacements lined up internally from Mahindra Group. No governance red flags.