Kaynes Technology shares tank 6% after CEO announces resignation
Published on 19/09/2025 12:01 PM
Kaynes Technology shares tank 6% after CEO announces resignationKaynes Tech said that Rajesh Sharma has decided to pursue opportunities outside the organisation, and his resignation will take effect from October 31, 2025.By Meghna Sen September 19, 2025, 12:01:07 PM IST (Updated)1 Min ReadShares of Kaynes Technology Ltd. extended their decline, slipping more than 6% from the day’s high after Chief Executive Officer (CEO) Rajesh Sharma resigned.
The company said Sharma has decided to pursue opportunities outside the organisation, and his resignation will take effect on October 31, 2025, Kaynes Tech said in an exchange filing.
"At this juncture, I believe it is time for me to embark on a new professional journey to take up another exciting and challenging assignment," Sharma said.
Since its IPO at ₹587 per share, the stock has surged nearly 12 times.
Kaynes Tech shares are currently trading 2.06% lower at ₹7,080.20, about 9% below their 52-week high of ₹7,822.Continue ReadingFirst Published: Sept 19, 2025 11:59 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsKaynes Techshare market today