Whole-time Director and COO Manish Shah resigns effective June 30 2026

Kmp ResignedManagement Changes View source PDF Explain this filing

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

+14.8%Reaction day

₹440.00

prior close

₹438.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+13.9% vs market

Auto Components & Equipments peers, median of 117sector+0.7%+14.1% vs sector

On the reaction day the stock moved 13.9 pts more than Nifty Microcap 250 and 14.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+14.8+0.9+13.9+0.7+14.1

Next day

+23.2+0.5+22.7+0.5+22.7

+21.6+0.7+20.9-0.0+21.6

+19.3+0.0+19.3-0.2+19.5

+18.2-2.0+20.2-1.5+19.6

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+20.5+3.8+16.7+1.8+18.6

+10.0+2.9+7.1-0.8+10.8

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

AI summary

CLN Energy Ltd informed BSE that its Board accepted the resignation of Mr. Manish Shah as Whole-time Director and Chief Operating Officer, effective June 30, 2026. The resignation was received on June 30 and approved by the Board on July 1, 2026. Mr. Shah cited pre-occupation and personal commitments as the reason and confirmed there are no other material reasons behind his exit.

Likely market impact

Loss of a key managerial personnel. Investors should watch for any forthcoming leadership appointment and clarity on continuity of operations.