Announced Fri, 8 May · 17:25 IST

Demise of Mr. Jay Kumar Surana (DIN : 00582653), an Independent Director of the Company.

Director Flagged GovernanceManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-6.0%1-day move
₹138.80
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-6.0-0.7+0.4-4.0+4.5+0.7+0.9-1.2-6.3
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AI summary

The company announced the death of Mr. Jay Kumar Surana, Independent Director, who passed away on March 17, 2026. The company was informed about this on May 8, 2026, and filed the disclosure on the same date. Mr. Surana served as an Independent Director on the board. The company expressed deep sympathy and condolences to his family, calling his demise an irreparable loss. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015.

Likely market impact

The death of an Independent Director reduces the board's independence and may require the company to appoint a new Independent Director to comply with board composition requirements. This creates a governance gap that needs to be filled.