CFO Prashant Thakar resigns, steps down as Whole-Time Director; Q3 loss widens

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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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

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15m

+1.7

30m

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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 noted CFO Prashant Thakar's resignation and his shift from Whole-Time Director to Non-Executive Director effective Feb 9, 2026, citing long-term career goals. He holds 2.04 percent stake. Two independent directors reappointed for 5-year terms subject to shareholder approval. Q3 FY26 standalone loss stood at Rs 14 million on revenue of Rs 1.8 million; 9-month loss Rs 32.5 million. Auditor flagged write-off of old trade balances.

Likely market impact

CFO exit and weak revenue with continued losses may weigh on sentiment; stock could react negatively. Reappointments provide some board continuity.