Managing Director resigns after open offer completion

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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

-4.0%Reaction day

₹59.84

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-5.5% vs market

Other Construction Materials peers, median of 15sector+2.4%-6.5% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 6.5 pts less than its Other Construction Materials 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

StockMarketvs marketSectorvs sector

Reaction day

-4.0+1.4-5.5+2.4-6.5

Next day

-6.3+1.7-8.0-0.3-5.9

-4.7+3.9-8.7+3.1-7.9

-12.3pendingpending-0.2-12.1

-9.0pendingpending+3.1-12.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 15Pending

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

AI summary

Noratmal Kawar resigned as Managing Director of Neelkanth Rock-Minerals, effective at the close of business on 30 October 2026. The board approved the resignation the same day. He cited a change in management following completion of an open offer.

Likely market impact

The exit marks a management transition after the open offer. Shares may react to uncertainty over strategy and leadership continuity as the board manages the handover.