CFO resigns, new CFO appointed; MD re-appointment approved at board meet

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

-3.2%Reaction day

₹2.83

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-3.3% vs market

Non Banking Financial Company (NBFC) peers, median of 209sector+0.3%-3.4% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.4 pts less than its Non Banking Financial Company (NBFC) 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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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.2+0.2-3.3+0.3-3.4

Next day

-2.8+0.2-3.1-0.1-2.7

-3.9+0.4-4.2-0.6-3.3

-2.8+0.7-3.6-0.9-1.9

-12.0+0.1-12.2-1.3-10.7

-9.2+0.7-9.9-0.8-8.4

-9.9+1.2-11.1-0.9-9.0

15d

-13.8+0.7-14.5-0.7-13.1

-15.5-1.2-14.3-2.2-13.3

-13.4-1.1-12.3-4.4-9.0

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 209Pending

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

AI summary

Sulabh Engineers board on Aug 12, 2026 accepted the resignation of Mrs. Seema Mittal as CFO for personal reasons, effective close of business Aug 12. She continues as Executive Director. Ms. Shraddha Mishra appointed as new CFO from Aug 13. Board also approved re-appointment of Mrs. Mittal as Director (retiring by rotation) and Mr. Vimal Kumar Sharma as Managing Director for a 5-year term, both subject to shareholder approval at the 43rd AGM on Sept 28, 2026. E-voting window set for Sept 25 to 27.

Likely market impact

Smooth CFO handover with outgoing CFO staying as Executive Director. MD re-appointment needs shareholder approval at AGM on Sept 28.