Major board reshuffle, new MD appointed, CFO resigns
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 4.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tejassvi Aaharam announced a major board reshuffle at its 7 Sep 2026 meeting. Mr. Natarajan Prasanna appointed as new Managing Director for 3 years, alongside 5 other new directors including 3 independents. CFO Parameshwar Ramesh resigned effective 15 Sep citing personal reasons. Two independent directors and one non-executive director also resigned, while another director declined re-appointment. Board approved a new secretarial auditor and proposed renaming the company to WEAGRO Limited. 32nd AGM set for 30 Sep 2026.
Major leadership overhaul and proposed rebranding suggest a strategic pivot. New MD brings agri-business and consumer tech experience.