CFO exits, two independent directors join, new CFO appointed

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

-3.8%Reaction day

₹79.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-4.6% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.0%-3.8% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.8 pts less than its Non Banking Financial Company (NBFC) 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.8+0.8-4.6+0.0-3.8

Next day

-5.3+1.0-6.3+0.4-5.8

+0.6+1.7-1.1+0.2+0.4

-3.4+0.1-3.5+0.0-3.5

-3.8+0.8-4.6+0.0-3.8

-3.8-0.9-2.9-0.3-3.5

-6.3-4.5-1.9-2.4-3.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

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

AI summary

On 9 Oct 2026, the board accepted CFO Deepak Kumbhar's resignation due to other professional commitments and appointed David Machado as the new CFO with immediate effect. It also appointed Rupal Pandey and Siddharth Salunke as additional non-executive independent directors for 5-year terms, subject to shareholder approval.

Likely market impact

Smooth transition with new CFO already named, plus two independent directors added to strengthen board oversight.