ChatGPT said:
Kaynes Technology shares fell sharply by over 4% on Friday following the announcement that its Chief Executive Officer, Rajesh Sharma, has tendered his resignation. The resignation will take effect from the close of business hours on October 31, 2025. As of 11:37 AM, the shares were trading 4.53% lower at Rs 6,900.00.
Sharma, who has been with Kaynes Technology for nearly four years, played a pivotal role in several key milestones for the company. Under his leadership, Kaynes successfully completed its initial public offering (IPO) and got listed on the stock exchange. The company also expanded its production capacities, executed domestic and global acquisitions, and achieved a market capitalization of more than ₹50,000 crore.
In his resignation letter to the board, Sharma expressed gratitude for his tenure at the company and cited his decision to step down as a move to “embark on a new professional journey” and explore fresh challenges. The company confirmed that Sharma’s exit is voluntary and that he is leaving to pursue opportunities outside the organisation.
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