Vishal Begwani appointed CFO after Nilesh Hirapara resigns

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

₹1279.90

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

+0.9

10m

+1.2

15m

+0.8

30m

+2.0

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

On November 6, 2026, Nilesh Hirapara resigned as Chief Financial Officer with immediate effect to take a larger role within the group. Vishal Begwani was appointed CFO the same day. Begwani is a chartered accountant with more than 20 years of finance experience at EIMCO Elecon India and Larsen & Toubro.

Likely market impact

The planned same-day CFO handover supports management continuity. No financial terms or immediate earnings impact were disclosed.