BSE Limited has informed the Exchange regarding Resignation of Mr Subhash Kelkar as Other of the company w.e.f. November 04, 2025.
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On the reaction day the stock moved 4.7 pts less than Nifty Midcap 150 and 4.6 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Subhash Kelkar has resigned from the position of Chief Information Officer (CIO) at BSE Limited, effective November 4, 2025. He is classified as a Key Management Personnel (KMP) and Senior Management under SEBI norms. The resignation is due to health reasons, as mentioned in his resignation email. He will serve his notice period until November 4, 2025, and has committed to ensuring a smooth handover of his responsibilities. The disclosure was made to the National Stock Exchange under Regulation 30 of SEBI LODR Regulations, 2015.
This is a routine KMP-level exit with no direct impact on operations or stock price, though shareholders may want to monitor how quickly BSE appoints a replacement CIO to ensure continuity of technology leadership.