Whole-time director Shivam Asthana dies, ending board role

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ANIKINDS · price

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

-3.6%Reaction day

₹78.99

prior close

₹77.43

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-3.4% vs market

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250, 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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AI summary

Anik Industries reported that whole-time director Shivam Asthana died on October 29, 2025, ending his board role from that date. The company described his passing as sudden and unexpected. The filing named no successor and disclosed no financial impact.

Likely market impact

The company has lost an executive director, creating a leadership gap that may weigh on investor sentiment until a successor is named.