CFO Prashant Thakar resigns, Q3 consol loss at Rs 21.7M

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

SUVIDHAA · price

Loading chart…

▲ 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

-0.7%Reaction day

₹3.06

prior close

₹3.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.7% vs market

Financial Technology (Fintech) peers, median of 8sector-0.8%+0.2% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.2 pts more than its Financial Technology (Fintech) 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

+1.7

10m

+1.7

15m

+1.7

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+1.0-1.7-0.8+0.2

Next day

+4.2+0.5+3.8-1.3+5.6

+3.9-0.0+3.9-2.5+6.4

+2.3-1.5+3.8-4.0+6.3

-0.7-2.2+1.6-4.9+4.2

-1.0-1.2+0.3-5.1+4.1

-1.6-2.4+0.7-5.3+3.7

15d

-4.9-8.8+3.9-15.2+10.3

-8.5-8.3-0.2-15.4+6.9

+11.4-3.5+15.0-12.1+23.6

-4.2+6.4-10.7-3.0-1.2

UpDownMarket · Nifty Microcap 250Sector · Financial Technology (Fintech) peers, median of 8Pending

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

AI summary

Board on Feb 9, 2026 accepted CFO Prashant Thakar's resignation, effective the same day, citing personal career goals. He also moved from Whole-Time Director to Non-Executive Director and holds 2.04% stake. Q3 FY26 consolidated revenue was Rs 8M with a loss of Rs 21.7M versus Rs 17.6M loss in Q2. Standalone loss was Rs 14M. Two independent directors were reappointed for a second 5-year term, pending shareholder approval via postal ballot.

Likely market impact

CFO exit amid losses may concern investors. Watch for successor announcement. Postal ballot sought for independent director reappointments.