CFO Ravi Kumar Paritala resigns, P.S. Phaninder Nath appointed as new CFO

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

+2.7%Reaction day

₹25.10

prior close

₹26.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+2.7% vs market

Restaurants peers, median of 11sector+3.7%-1.0% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 1.0 pts less than its Restaurants 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

-1.9

15m

-1.9

30m

-2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+0.0+2.7+3.7-1.0

Next day

+3.2-0.0+3.2+4.9-1.7

+1.6-0.2+1.7+5.3-3.8

+11.2+0.2+11.1+3.8+7.4

+22.3+0.3+22.0+4.1+18.2

+10.1+0.4+9.7+5.6+4.5

+11.4+0.9+10.4+5.7+5.6

15d

-6.5+1.6-8.0-0.7-5.8

+8.0+2.0+6.0+0.2+7.8

-4.6+0.6-5.2+1.3-5.9

—————

UpDownMarket · Nifty Microcap 250Sector · Restaurants peers, median of 11Pending

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

AI summary

The Board accepted the resignation of CFO Mr. Ravi Kumar Paritala effective end of business on 06 Aug 2026, citing personal reasons. He will continue his association with the company. Based on the Nomination and Audit Committee recommendations, Mr. P.S. Phaninder Nath, a Chartered Accountant from Hyderabad with over a decade of leadership experience including prior CFO roles at Vivimed Labs and GSS Infotech, has been appointed as the new CFO with effect from 06 Aug 2026.

Likely market impact

Smooth CFO transition. Outgoing CFO cites personal reasons and stays associated; incoming CFO is an experienced CA with prior CFO roles. Likely neutral for the stock.