CFO Rajesh Choudhary resigns; Anil Singal elevated to head finance

Cfo ResignedManagement Changes View source PDF Explain this filing

TI · price

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

-1.6%Reaction day

₹549.90

prior close

₹543.70

announcement price

After-mkt

timing

Nifty Microcap 250market+0.3%-1.9% vs market

Breweries & Distilleries peers, median of 25sector-0.2%-1.5% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.5 pts less than its Breweries & Distilleries 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

+0.3

10m

-0.6

15m

+0.1

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.3-1.9-0.2-1.5

Next day

-1.7+1.1-2.8+0.2-1.9

-1.4+1.3-2.7+0.2-1.6

-0.6+2.0-2.6+1.2-1.8

-0.4+0.3-0.7+1.0-1.4

+0.2+1.1-0.8+1.1-0.9

-6.1-3.2-2.9-3.9-2.2

15d

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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

AI summary

Tilaknagar Industries informed that CFO Rajesh Choudhary resigned effective October 8, 2026, to pursue external career opportunities, though he will continue as an employee. The Nomination and Remuneration Committee will identify a new CFO. In the interim, Deputy CFO Anil Singal, a chartered accountant with over 27 years in the alco-bev industry, has been added as Senior Management Personnel to oversee the Finance and Accounts function from October 9, 2026.

Likely market impact

CFO exit may cause short-term uncertainty, but internal promotion of Anil Singal as acting finance head should limit disruption.