SMLMAHBSESML MAHINDRA LIMITED· Agricultural Commercial & Construction VehiclesHighNeutral

Announced Mon, 12 Oct, 2026 · 17:04 IST

SML Mahindra CFO transition: Patwardhan exits, Goel interim from Oct 20

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

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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

SML Mahindra announced a CFO transition. Mr. Pushkar Patwardhan steps down as CFO on 19th October 2026 to pursue a career outside Mahindra Group. Ms. Manaswini Goel, currently CFO for Mahindra Group's Aerospace, Advanced Technologies, and Trucks & Buses businesses, will serve as Interim CFO from 20th October to 31st December 2026. Mr. Surender Kalra, a Chartered Accountant with 30 plus years of finance experience at the Swaraj Division, takes over as full-time CFO from 1st January 2027.

Likely market impact

Smooth planned CFO succession with no gap. Interim CFO is an internal Mahindra Group hand, ensuring financial continuity.