S. Viji resigns as Chairman and Non-Executive Director

Director resignedManagement Changes View source PDF Explain this filing

SUNDARMFIN · price

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

-2.1%Reaction day

₹4060.30

prior close

₹4062.50

announcement price

In-mkt

timing

Nifty Midcap 150market+1.6%-3.7% vs market

Non Banking Financial Company (NBFC) peers, median of 213sector+0.2%-2.3% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Midcap 150 and 2.3 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

Stock

-1.4

10m

-1.3

15m

-1.8

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1+1.6-3.7+0.2-2.3

Next day

+2.3pendingpending+1.4+0.8

———+1.6—

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15d

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UpDownMarket · Nifty Midcap 150Sector · Non Banking Financial Company (NBFC) peers, median of 213Pending

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

AI summary

S. Viji resigned as Chairman and Non-Executive Director of Sundaram Finance, effective after the board meeting on November 4, 2026, citing age and personal considerations. He had served on the board for 40 years and as chairman for 21 years. The board elected Independent Director R. Venkatraman as Chairman.

Likely market impact

The chairman change may cause short-term uncertainty, while the immediate appointment of a new independent chairman supports continuity.