Independent Director Mr. Ashokkumar Ratilal Patel passes away

Management Changes View source PDF Explain this filing

DEEPINDS · price

Loading chart…

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

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

+1.9%Reaction day

₹439.85

prior close

₹446.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.4% vs market

Oil peers, median of 15sector · industry level+0.4%+1.5% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.5 pts more than its Oil 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

+0.1

10m

+0.0

15m

+0.0

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.5+1.4+0.4+1.5

Next day

+3.2-0.1+3.4+1.6+1.6

+3.7-1.0+4.8-0.6+4.4

+0.9-1.3+2.3-0.1+1.1

+1.8-0.1+1.9+0.9+0.9

+2.3+1.3+1.1+1.8+0.6

+1.6+0.8+0.9+1.4+0.3

15d

-4.1+1.5-5.6+1.7-5.8

-15.2-3.0-12.1-1.6-13.6

-13.5-2.8-10.7-7.1-6.4

-20.8-12.4-8.4-6.0-14.8

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 15Pending

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

AI summary

Deep Industries Limited has informed stock exchanges about the demise of Mr. Ashokkumar Ratilal Patel (DIN: 09451821), Non-Executive Independent Director, who passed away on December 13, 2025. The board and employees conveyed deepest condolences to his family and acknowledged his crucial leadership contributions as an immense and irreparable loss. The disclosure was filed under SEBI LODR Regulation 30, with cessation date noted as December 13, 2025.

Likely market impact

Creates a board vacancy. The company will need to appoint a new independent director to maintain SEBI-mandated board composition and committee requirements.