Suzlon appoints Rahul Jain as Group CFO from December 15

Management Changes View source PDF Explain this filing

SUZLON · price

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

+3.5%Reaction day

₹56.30

prior close

₹56.78

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.6%+2.9% vs market

Heavy Electrical Equipment peers, median of 27sector+1.1%+2.4% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Midcap 150 and 2.4 pts more than its Heavy Electrical Equipment 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

+0.6

10m

+1.3

15m

+1.9

30m

+2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.5+0.6+2.9+1.1+2.4

Next day

+4.1+0.4+3.7+0.9+3.1

+5.4-0.1+5.5+0.3+5.1

+5.5+0.7+4.8+0.3+5.2

+6.7+0.3+6.3+0.8+5.9

+5.7-0.6+6.3-1.0+6.7

+2.1+0.3+1.8-2.5+4.6

15d

+0.7+1.6-0.8-1.2+1.9

-4.5+1.4-5.9-6.7+2.2

-6.3+0.2-6.5-10.4+4.1

-15.5-2.6-12.9-19.8+4.2

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 27Pending

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

AI summary

The board appointed Rahul Jain as Group Chief Financial Officer and key managerial personnel effective December 15, 2025. Jain has over 20 years in corporate finance, including nearly 17 years at SRF. Bharat Ramani becomes internal auditor on October 31, replacing Shyamal Budhdev, who retires on October 30.

Likely market impact

Jain's finance, fundraising and transformation experience may strengthen financial controls and growth planning. The internal auditor change is a planned retirement.