CHRO and Company Secretary resign; successors appointed

Key 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

-5.9%Reaction day

₹722.95

prior close

₹684.15

announcement price

In-mkt

timing

Nifty Microcap 250marketpendingvs market: pending

Civil Construction peers, median of 98sector-0.5%-5.4% vs sector

On the reaction day the stock moved 5.4 pts less than its Civil Construction 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

-0.4

10m

-0.7

15m

-0.3

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.9pendingpending-0.5-5.4

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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

AI summary

Chief Human Resources Officer Lekha Raghavan will step down effective December 31, 2026, while Company Secretary and Compliance Officer Nidhi Tanna will leave on December 11, 2026. Ravi Singh is scheduled to become CHRO on January 1, 2027, and Priya Pakhare will take over as Company Secretary on December 12, 2026.

Likely market impact

Planned handovers and appointed successors reduce continuity risk, though investors may monitor compliance and people-management transitions.