Independent Director Mr. Shankar Lal Bajaj passes away

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

-4.5%Reaction day

₹335.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-4.2% vs market

Other Textile Products peers, median of 189sector+0.0%-4.5% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 4.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.5-0.2-4.2+0.0-4.5

Next day

+0.9+0.1+0.8-0.1+1.0

-1.1+0.4-1.5+0.0-1.1

-1.6-0.6-1.0-0.3-1.3

-2.4-1.2-1.2-0.9-1.5

-2.3-0.6-1.7+0.2-2.5

-0.3+0.5-0.8+0.3-0.6

15d

-2.4-0.2-2.2-2.7+0.3

-8.7-1.5-7.2-2.9-5.8

-11.9-8.0-4.0-7.8-4.1

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Acknit Industries informed BSE about the demise of Mr. Shankar Lal Bajaj (DIN: 00619282), Independent Director, who passed away on 21 August 2026. The company learnt about it on 26 August and disclosed it the same day, citing no prior awareness. He ceases to be a Director from 21 August 2026. The board condoled his contribution and stated the vacancy will be filled within the time permitted under law.

Likely market impact

Board loses an independent director; the resulting vacancy is to be filled within the legal timeframe. Neutral to mildly negative on governance optics.