CEO Pankaj Malik resigns; Chandrasekhara Battula named interim CEO

Ceo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF Explain this filing

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

-2.6%Reaction day

₹27.20

prior close

₹27.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-1.4% vs market

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250, 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

-2.2

10m

-1.8

15m

-2.3

30m

-2.8

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.6-1.1-1.4

Next day

+1.3+1.9-0.5

+3.7+3.7+0.0

+4.1+4.2-0.2

+1.3+5.4-4.0

+4.2+5.9-1.7

+4.8+7.6-2.9

15d

-2.8+7.7-10.4

-6.5+8.6-15.1

-4.2+10.5-14.8

+34.6+13.3+21.2

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Pankaj Malik resigned as Whole Time Director effective June 10, 2026, and will step down as CEO on September 10, 2026, after a 3-month transition. He cited an opportunity outside the company. Chandrasekhara Rao Battula, currently at Invenia with over 23 years in telecom, government, and tech, appointed as Additional Director and Interim CEO designated as Whole Time Director for 1 year. Board committees were reconstituted with Battula replacing Malik.

Likely market impact

CEO-level leadership change may cause short-term uncertainty, though a 3-month transition and experienced replacement aim to ensure continuity.