Kaynes Technology CEO resigns; stock sees sharp fall, declining up to 5%

The stock price dropped as much as 4.78% to ₹6,882 on the NSE. However, the scrip recovered later, and, last seen, shares were trading at ₹7,074.50, down over 2%.

The company said that Rajesh Sharma – chief executive officer (CEO) and key managerial personnel – has tendered his resignation from the office of chief executive officer of the company to pursue opportunities outside the organisation.

His resignation will be effective from the close of business hours on October 31, 2025.

Kaynes Technology India Limited is an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturer. It is engaged in providing conceptual design, process engineering, integrated manufacturing, and life cycle support for players in the automotive, industrial, aerospace and defence, outer space, nuclear, medical, railway, IoT/information technology (IT) and other segments.

It offers original equipment manufacturer (OEM)-turnkey solutions-box build, OEM-turnkey solutions-printed circuit board assemblies (PCBAs), original design manufacturer (ODM), and product design & engineering and IoT solutions. It offers turnkey electronics manufacturing services for PCBAs, cable harnesses, magnetics, and plastics.

Kaynes Technology India share price trend

Shares of the company have given impressive returns to its investors. Data show that the stock has jumped around 54% in the past six months, around 12.5% in the past 30 days. In the past 12 months, the stock has rallied around 30% (as of Friday's morning trade).

What Rajesh Sharma said in his resignation letter

In Sharma's letter, which was shared in the regulatory filing by the company, the outgoing CEO said, "My journey with Kaynes Technology, since my joining the company nearly 4 years ago, has been very fulfilling, both professionally and personally. This journey covered several major milestones for the Company from a successful IPO & consequential public listing to expanding manufacturing capacities; inorganic growth through domestic & global acquisitions; substantial revenue growth; creating value for stakeholders through an outstanding market capitalisation of over ₹50,000 crore."

"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. Therefore, I have decided to resign from my position as the Chief Executive Officer," Sharma said.