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ALBERTDAVDNSEAlbert David Limited· Pharmaceuticals & BiotechnologyHighNeutral
Announced Tue, 10 Mar, 2026 · 17:20 IST

Albert David Limited has informed the Exchange regarding Cessation of Thakkar Rushabh Kishorbhai as International Business Leader of the company w.e.f. March 27, 2026.

Key managerial personnel resignedManagement Changes View source PDFExplain this filing

ALBERTDAVD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-0.1%Reaction day
₹687.50
prior close
₹679.45
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.0% vs market
Pharmaceuticals peers, median of 157sector-0.4%+0.3% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+0.8
10m
+1.1
15m
+2.1
30m
+2.3
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-0.1-0.1+0.0-0.4+0.3
Next day
-0.9-0.4-0.5-0.9-0.0
2d
-2.3-3.3+1.0-3.2+0.8
3d
-1.8-3.9+2.1-4.0+2.2
4d
-2.4-2.9+0.5-4.0+1.6
5d
-3.3-0.3-2.9-2.3-1.0
1w
-3.7-2.3-1.4-3.4-0.3
15d
-5.4-1.4-4.0-3.1-2.3
1m
+4.2+5.1-0.9+2.4+1.8
2m
+15.8+16.0-0.2+9.4+6.4
3m
+0.4+14.0-13.7+9.7-9.3
UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 157Pending

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

AI summary

Albert David Limited has informed the stock exchanges that Mr. Thakkar Rushabh Kishorbhai, the International Business Leader of the company, has resigned from his position citing a better job opportunity. His notice period ends on March 27, 2026, making the cessation effective from the close of business hours on that date. The company has recorded its appreciation for his services and contributions during his tenure. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, treating this as a Senior Managerial Personnel change.

Likely market impact

This is a routine senior-level exit at the operational/business leadership level and is not a CEO or CFO departure, so the direct impact on stock price or shareholder sentiment is likely limited. Investors may want to watch for any further disclosures about succession planning for the international business function.