Independent Director Amisha Shah resigns; Megha Joshi appointed

Management Changes View source PDF Explain this filing

DHARMAJ · price

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

+6.3%Reaction day

₹266.35

prior close

₹278.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+6.3% vs market

Pesticides & Agrochemicals peers, median of 28sector-0.1%+6.3% vs sector

On the reaction day the stock moved 6.3 pts more than Nifty Microcap 250 and 6.3 pts more than its Pesticides & Agrochemicals 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

-0.4

10m

+0.1

15m

-1.1

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.3-0.1+6.3-0.1+6.3

Next day

+5.1-0.2+5.3-1.1+6.2

+5.2+0.1+5.1-1.5+6.7

+3.8+0.3+3.5-2.2+6.0

+2.3+0.4+1.9-3.2+5.4

+1.4+0.5+0.9-2.6+3.9

+2.5+0.3+2.2-2.4+4.9

15d

+1.4+1.9-0.5-3.6+5.0

+1.4+2.2-0.8-4.8+6.1

-4.1-1.2-2.9-13.6+9.5

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UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 28Pending

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

AI summary

Dharmaj Crop Guard has accepted the resignation of Non-Executive Independent Director Mrs. Amisha Shah effective August 7, 2026, citing other professional commitments. Simultaneously, Mrs. Megha Joshi has been appointed as a Non-Executive Independent Director effective August 8, 2026. Mrs. Joshi is a Chartered Accountant with over 16 years of experience in banking, credit appraisal and corporate finance, including a 15-year stint at SBI where she rose to Assistant Vice President level.

Likely market impact

Routine board reshuffle. No governance red flags. Experienced banker-CA joins the board, potentially strengthening financial oversight for shareholders.