This is to inform the sad demise of Shri P. K. Daga, Chairman Emeritus of the Company.

Management Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.6% vs market

Other Textile Products peers, median of 178sector-0.0%+0.4% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.4 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.

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AI summary

Deepak Spinners Ltd has informed the stock exchanges about the passing away of Shri P. K. Daga, who held the honorary title of Chairman Emeritus, on the night of 18 November 2025. The company filed this intimation under SEBI Listing Regulations, signed by Company Secretary Puneeta Arora. Chairman Emeritus is typically a non-executive honorary position and does not form part of the current board or key managerial personnel. The company has not announced any immediate changes to the board structure in this filing.

Likely market impact

Since the Chairman Emeritus role is honorary and non-executive, the impact on day-to-day operations and the stock is expected to be minimal, though it marks the end of an era for the promoter family legacy at the company.