Rajesh Jejurikar resigns as chairman; Kanoria named chairman

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

SWARAJENG · price

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

-4.6%Reaction day

₹4322.40

prior close

₹4127.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-5.1% vs market

Compressors Pumps & Diesel Engines peers, median of 12sector+0.4%-5.0% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.0 pts less than its Compressors Pumps & Diesel Engines 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

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Sessions after the filingfrom the prior close

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Reaction day

-4.6+0.5-5.1+0.4-5.0

Next day

-8.2+0.0-8.2+0.0-8.2

-6.0+1.0-7.0+1.4-7.3

-6.0+2.1-8.0+0.9-6.9

-6.1+1.6-7.7+1.2-7.4

-6.3+1.2-7.6+1.5-7.9

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15d

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-14.9-4.4-10.4-7.3-7.5

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UpDownMarket · Nifty Microcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 12Pending

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

AI summary

Swaraj Engines said Rajesh Jejurikar resigned as a non-executive, non-independent director and chairman effective 16 October 2025, citing other professional commitments. Rajya Vardhan Kanoria, already an independent non-executive director, became chairman on 17 October. Gaganjot Singh was appointed as an additional non-executive, non-independent director, subject to shareholder approval.

Likely market impact

Leadership changes support continuity. The new director's Mahindra and Mahindra link may be seen as strategic, but no financial impact was disclosed.