Announced Fri, 23 Oct, 2026 · 17:31 IST

Independent Director Mangina Srinivas Rao resigns effective October 22, 2026

Price

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▲ 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
-1.0%Reaction day
₹28.28
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announcement price
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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.4% vs market
Diversified Commercial Services peers, median of 77sector+0.4%-1.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.4 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 77Pending

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

AI summary

Independent Director Mr. Mangina Srinivas Rao resigned effective October 22, 2026, citing pre-occupation elsewhere. He confirmed there were no other reasons for stepping down. The company thanked him for his contribution and guidance.

Likely market impact

The board loses one independent director, creating a vacancy until a replacement is named. No adverse governance issue was reported.