Independent Director Mr. Akash Jain passes away

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Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹33.85

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-2.7% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-0.4%-2.9% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.9 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.4-0.7-2.7-0.4-2.9

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+0.2-0.3+0.5-0.9+1.2

-0.8+1.1-1.9+0.0-0.8

+1.6-0.2+1.8-0.9+2.5

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-23.2-4.7-18.6-7.5-15.8

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

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AI summary

Aastamangalam Finance Limited has informed BSE about the passing of Mr. Akash Jain, Independent Director, on July 16, 2026. His family members informed the company on July 22, 2026. The board expressed deep condolences. The company has filed the required disclosure under SEBI LODR Regulation 30, listing the date of cessation as July 16, 2026.

Likely market impact

Board vacancy needs to be filled. No immediate operational disruption, but may affect committee composition until a new Independent Director is appointed.