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

CFO 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

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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

Spice Lounge Food Works (formerly Shalimar Agencies) announced the resignation of CFO Ravi Kumar Paritala effective 06-Aug-2026, citing personal reasons. He confirmed no other material reasons and will continue his association with the company. The Board appointed P.S. Phaninder Nath, a Hyderabad-based Chartered Accountant, as the new CFO. Nath previously served as CFO at Vivimed Labs and GSS Infotech, with extensive experience in financial planning, compliance, internal controls, and ERP.

Likely market impact

Smooth leadership transition with an experienced replacement CFO. Outgoing CFO cited personal reasons and retains association. Minimal operational disruption expected.