CFO Nilesh Hirapara resigns; Vishal Begwani takes over immediately

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

-2.7%Reaction day

₹1389.10

prior close

₹1300.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Industrial Products peers, median of 129sector-0.9%-1.7% vs sector

On the reaction day the stock moved 1.7 pts less than its Industrial Products 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

-1.3

10m

-0.6

15m

-0.4

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7pendingpending-0.9-1.7

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

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

AI summary

Nilesh Hirapara resigned as Chief Financial Officer with immediate effect on 6 November 2026 after moving to a larger role within the group. The board appointed Vishal Begwani as CFO the same day. Begwani is a qualified chartered accountant with over 20 years of finance and management experience at EIMCO Elecon and Larsen and Toubro.

Likely market impact

The CFO role was filled immediately, supporting continuity. The filing discloses no financial impact, so the direct effect on earnings or valuation is unclear.