Borosil Scientific Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedManagement Changes View source PDF Explain this filing

BOROSCI · price

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

+19.8%Reaction day

₹119.60

prior close

₹140.29

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+19.2% vs market

Industrial Products peers, median of 309sector · industry level-0.1%+19.8% vs sector

On the reaction day the stock moved 19.2 pts more than Nifty Microcap 250 and 19.8 pts more than its Industrial Products 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

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Sessions after the filingfrom the prior close

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Reaction day

+19.8+0.6+19.2-0.1+19.8

Next day

+18.7+1.7+17.0+0.3+18.4

+16.2+1.8+14.4+0.6+15.6

+15.3+3.4+11.9+1.2+14.1

+18.8+4.1+14.6+1.4+17.4

+25.0+4.1+20.9+1.8+23.2

+25.5+2.3+23.1+0.0+25.5

15d

+27.1+1.8+25.3-1.0+28.1

+28.8+10.8+18.0+4.3+24.5

+35.1+10.3+24.8+1.8+33.3

+6.6+14.9-8.3+3.5+3.1

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 309Pending

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

AI summary

Mr. Sanjay Gupta tendered his resignation as Company Secretary and Compliance Officer (Key Managerial Personnel) of Borosil Scientific Limited, effective from the date of filing (May 20, 2026). His resignation letter, dated March 11, 2026, cited pursuing an alternate career opportunity outside the organisation. He ensured a smooth handover during the notice period. Mr. Ramavtar Sharma (ACS 63784), a qualified Company Secretary with over five years of experience, has been appointed as his replacement effective May 21, 2026. Additionally, Mr. Vinayak Madhukar Patankar's re-appointment as Whole-time Director & CEO for 3 years (from December 2, 2026) was also disclosed in the same filing.

Likely market impact

The resignation of the Company Secretary and Compliance Officer (KMP) is a significant management change. While the company has appointed a replacement, any abrupt departure of a compliance officer warrants attention from investors regarding regulatory compliance continuity and any underlying governance issues.