As per attachment.

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

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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

+2.1%Reaction day

₹38.40

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.2%+0.9% vs market

Industrial Products peers, median of 104sector+0.3%+1.8% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.8 pts more than its Industrial Products 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+1.2+0.9+0.3+1.8

Next day

+6.8+0.1+6.7-0.6+7.4

+12.3+0.9+11.4-0.5+12.9

+6.8+0.8+6.0-0.6+7.4

+13.2+1.4+11.7+0.5+12.7

+7.5+2.0+5.5-0.1+7.6

+6.8+2.3+4.5-0.1+6.9

15d

+1.0+5.2-4.2+3.3-2.3

-3.4+1.6-5.0+0.4-3.8

-5.0+7.7-12.6+5.3-10.3

-1.8+4.0-5.8-1.1-0.7

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 104Pending

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

AI summary

Sterling Powergensys Limited has appointed Mr. Pundlik Davane as its new Chief Financial Officer, effective February 13, 2025. Mr. Davane is an internal appointee with over 15 years at the company, having previously served as Compliance Assistant and earlier as CFO. He replaces Mr. Dinesh Agarwal, who resigned as CFO on November 20, 2024. The company disclosed this appointment to BSE on May 16, 2025 — about three months later than required. The company attributed the delay to overlapping responsibilities during the transition, internal selection procedures, and administrative processes, stating it was unintentional.

Likely market impact

The CFO position, vacant since November 2024, is now filled, which should bring stability to financial reporting and compliance. However, the three-month delay in disclosing the appointment is a governance red flag that investors may view negatively, even though the company has assured no mala fide intent.