Intimation of Cessation of Mr. John Escolastico Silveira as Managing Director.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.2 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kore Foods Limited has informed the BSE that Mr. John Escolastico Silveira will cease to be the Managing Director of the company effective from the close of business on 31st March 2025. According to the company, Mr. Silveira was reappointed as MD for a fixed two-year term from 1st April 2023 to 31st March 2025, and his exit is simply due to the natural expiry of that term. The communication has been signed by Mr. Manzoor Ul Haque Butt, who is also identified as Managing Director (DIN: 01202847), suggesting the company still has MD-level leadership in place. Note: the filing headline referred to Team24 Consumer Products Ltd, but the actual document and Scrip Code 500458 belong to Kore Foods Limited.
This appears to be a routine end-of-tenure event rather than a sudden or disruptive departure, so near-term impact on the stock may be limited. Shareholders should watch for a subsequent announcement regarding the appointment of a new Managing Director to fill the vacancy.