Akshar Spintex Limited has informed the Exchange regarding Resignation of Mr Brijeshkumar Patel as Executive Director of the company w.e.f. May 21, 2025.
AKSHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Brijeshkumar Prahladbhai Patel (DIN: 10877543) has resigned from the position of Additional Executive Director of Akshar Spintex Limited, with effect from May 21, 2025. His resignation letter, dated May 19, 2025, cites personal reasons and preoccupations as the cause, with no other material reason disclosed. The company filed this disclosure with both BSE and NSE under SEBI LODR Regulation 30. The Chairman-cum-Wholetime Director, Mr. Harikrushna Chauhan (DIN: 07710106), remains at the helm, and the Board is expected to formally accept the resignation at its next meeting.
For shareholders, this is a board-level change at a small-cap textile company. Since the resignation is attributed to personal reasons rather than governance issues, the immediate impact on the stock price is likely limited, but investors should watch for the company's next filing confirming the Board's acceptance and any replacement appointment.