Chairman Ramesh Vaze passes away aged 85

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

SHK · price

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

-1.8%Reaction day

₹135.60

prior close

₹135.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.7% vs market

Specialty Chemicals peers, median of 98sector-0.2%-1.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.6 pts less than its Specialty Chemicals 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

-0.5

10m

-0.6

15m

-0.8

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-0.1-1.7-0.2-1.6

Next day

+2.6+0.7+1.9+1.0+1.6

+0.0+2.3-2.3+1.8-1.8

+0.3+2.2-1.9+2.0-1.7

+1.8+2.6-0.8+2.0-0.2

+6.6+3.9+2.7+3.5+3.2

+4.2+2.7+1.5+2.4+1.8

15d

+0.3-1.2+1.5-1.6+1.9

+2.9-0.2+3.1+0.2+2.7

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 98Pending

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

AI summary

Mr. Ramesh Vaze, Promoter and Non-Executive Chairman of S H Kelkar and Company, passed away on September 15, 2026 at age 85. He joined the family business in 1961, served on the board since 1981, and became Non-Executive Chairman in 2019. He helped build SHK into India's largest India-origin fragrance and flavour company with global presence. His son Kedar Vaze remains Whole-Time Director and Group CEO to continue operations.

Likely market impact

Loss of founding promoter and long-serving chairman; succession and continuity under son Kedar Vaze as Group CEO will be closely watched by investors.