Independent Director Mr. Pankaj Srivastava resigns, effective 13 Jan 2026

Management Changes View source PDF Explain this filing

DAMODARIND · price

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

+3.4%Reaction day

₹29.00

prior close

₹29.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+3.8% vs market

Other Textile Products peers, median of 183sector+0.0%+3.4% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.4 pts more than its Other Textile Products 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

+0.0

10m

-0.6

15m

-4.3

30m

-3.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.4-0.4+3.8+0.0+3.4

Next day

+0.0-1.7+1.7-1.3+1.3

-8.6-4.3-4.3-3.2-5.5

-10.4-5.1-5.2-4.0-6.3

-10.4-3.6-6.7-2.8-7.6

-13.5-5.7-7.8-3.9-9.6

-10.4-3.7-6.7-2.9-7.5

15d

-8.1+2.1-10.3+2.9-11.0

-7.9-0.1-7.8+0.2-8.2

-20.7-10.0-10.7-10.9-9.7

-6.9+2.2-9.1-1.0-5.9

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 183Pending

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

AI summary

Mr. Pankaj Srivastava has resigned as Non-Executive Independent Director of Damodar Industries, effective close of business on 13 January 2026. He was appointed only on 24 July 2025, so his tenure lasted less than six months. He cited pre-occupation and personal commitments and confirmed there are no other material reasons. He stepped down as member of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee.

Likely market impact

Independent Director exit within six months of appointment leaves three committees short; board will need to fill the vacancy to maintain composition rules.