Manjir Basu appointed CFO as Sandeep Banka changes role

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

SPENCERS · price

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

-0.8%Reaction day

₹57.44

prior close

₹56.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.1% vs market

Diversified Retail peers, median of 10sector+0.5%-1.2% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.2 pts less than its Diversified Retail 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

-0.2

10m

-0.2

15m

-0.2

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.4-1.1+0.5-1.2

Next day

-1.5-0.4-1.2+1.2-2.8

-2.0-0.7-1.3+0.5-2.5

-3.3-1.0-2.3-1.3-1.9

-5.0-2.1-3.0-1.7-3.3

-5.8-4.2-1.6-3.4-2.4

-2.2-5.3+3.2-4.8+2.7

15d

-4.5-3.2-1.3-3.3-1.3

-9.5-2.3-7.1-3.5-6.0

-19.5-2.9-16.7-11.6-7.9

-29.5-7.6-21.9-15.0-14.5

UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 10Pending

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

AI summary

On September 19, 2025, the board appointed Manjir Basu as CFO and a key managerial person with immediate effect. Sandeep Kumar Banka moved to a new role within the group and ceased as CFO the same day. Basu is a chartered accountant and B.Com graduate with over 20 years of experience in finance, treasury, working capital, risk management and digital transformation.

Likely market impact

An orderly handover with no disclosed financial impact. Basu's finance experience supports continuity, so the near-term stock impact is likely neutral.