Ceigall India Limited has informed the Exchange about Resignation of Director/KMP/SMP

Kmp ResignedManagement Changes View source PDF Explain this filing

CEIGALL · price

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

+2.3%Reaction day

₹367.40

prior close

₹367.90

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+2.4% vs market

Civil Construction peers, median of 97sector-0.9%+3.3% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 3.3 pts more than its Civil Construction 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.3-0.1+2.4-0.9+3.3

Next day

-0.2-1.5+1.3-2.1+1.9

-5.0-4.5-0.5-4.7-0.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Mr. Chitwon Wason (DIN: 10898748) has tendered his resignation as Whole-Time Director from Ceigall India Limited and from all committees of the Board, effective from the close of business hours on Wednesday. The resignation was submitted on April 22, 2026. Mr. Wason expressed gratitude to the Board, Management, and Chairman cum Managing Director for the trust and support during his association with the company. The stated reason for resignation is 'Family Commitment and Personal Exigencies'. Alongside this, the company appointed Mr. Ankit Kumar Agrawal as an Independent Non-Executive Director (effective July 1, 2026) and re-appointed two other independent directors.

Likely market impact

The departure of a Whole-Time Director (a KMP) could signal management transition risk and may raise governance concerns for investors, especially without an immediate replacement named for operational responsibilities.