Independent Director Vinod Jain resigns citing professional commitments

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CHANDAN · price

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

+6.2%Reaction day

₹235.15

prior close

₹238.60

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+6.4% vs market

On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250, 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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Reaction day

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Next day

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AI summary

Chandan Healthcare Limited has informed the exchange that Mr. Vinod Jain, Independent Director (DIN: 10701178), has resigned effective 5 October 2026 due to other professional commitments requiring increased time and attention. He was appointed on 13 August 2024. Mr. Jain confirmed his resignation is not due to any disagreement with the Board or management and there are no other material reasons. The company states that the board composition continues to comply with minimum Independent Director requirements under SEBI LODR Regulations.

Likely market impact

Single Independent Director exit for personal reasons, no governance concerns flagged. Board remains compliant with SEBI norms.