Independent Director Mr Ashokkumar Ratilal Patel passes away on Dec 13, 2025

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DOLPHIN · price

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

+3.3%Reaction day

₹380.00

prior close

₹399.95

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+2.8% vs market

Oil peers, median of 15sector · industry level+0.4%+2.9% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.9 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

-0.4

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3+0.5+2.8+0.4+2.9

Next day

+10.5-0.1+10.6+1.6+8.9

+8.4-1.0+9.5-0.6+9.1

+8.9-1.3+10.2-0.1+9.0

+7.2-0.1+7.3+0.9+6.3

+13.2+1.3+11.9+1.8+11.4

+15.8+0.8+15.0+1.4+14.4

15d

+25.8+1.5+24.3+1.5+24.2

+31.6-3.0+34.6-2.8+34.4

+3.7-2.8+6.5-8.2+11.9

+3.4-12.4+15.8-8.0+11.5

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

Dolphin Offshore Enterprises has informed stock exchanges of the sad demise of Mr Ashokkumar Ratilal Patel, Non-Executive Independent Director (DIN: 09451821), on December 13, 2025. The Board of Directors and employees have conveyed deepest condolences to his family. The disclosure has been made under SEBI LODR Regulation 30 read with clause 7B of Schedule III. The company will now need to fill the vacant independent director seat within the timeline required under SEBI rules.

Likely market impact

Loss of an experienced independent director; board will need to appoint a replacement to maintain statutory independent director composition, which may take time.