Torrent Power CFO Saurabh Mashruwala retires, Vikas Poddar named successor

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

TORNTPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.0%Reaction day

₹1246.00

prior close

₹1256.40

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%-0.0% vs market

Power peers, median of 37sector · industry level+0.1%-0.1% vs sector

On the reaction day the stock moved in line with Nifty Midcap 150 and 0.1 pts less than its Power 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

-0.8

10m

-0.9

15m

-1.1

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.1-0.0+0.1-0.1

Next day

-0.1+0.1-0.2+0.4-0.5

+0.0+0.6-0.6-0.0+0.1

+1.1+0.6+0.5-0.2+1.3

-1.3+0.5-1.8-0.7-0.6

-2.1+0.5-2.6-0.7-1.4

-2.2-0.6-1.6-1.7-0.5

15d

+4.2-2.3+6.5-1.9+6.0

+1.3-2.4+3.7-2.2+3.5

-5.1-9.4+4.3-9.4+4.3

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UpDownMarket · Nifty Midcap 150Sector · Power peers, median of 37Pending

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

AI summary

Torrent Power's Board accepted CFO Saurabh Mashruwala's resignation due to planned retirement effective August 20, 2026. He will stay as Executive Director for smooth transition. Vikas Poddar appointed as new CFO and KMP effective August 21, 2026. Poddar is an MBA from NUS and CA with over 27 years experience, previously CFO of Indus Towers, and held finance roles at Vodafone and ITC.

Likely market impact

Planned leadership change with experienced successor from Indus Towers; orderly transition may limit disruption to financials or strategy.