GMB Nominee Director Mr. Rajkumar Beniwal resigns from the board

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

+2.7%Reaction day

₹173.20

prior close

₹173.89

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-2.7%+5.4% vs market

Port & Port services peers, median of 5sector-2.0%+4.7% vs sector

On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 4.7 pts more than its Port & Port services 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Port & Port services peers, median of 5Pending

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AI summary

Gujarat Pipavav Port Limited informed exchanges that Mr. Rajkumar Beniwal, IAS, a nominee director of Gujarat Maritime Board (GMB), has resigned from the board with effect from 29 December 2025. His resignation follows a Gujarat government notification relieving him from the post of Vice Chairman and CEO of GMB. The company stated it will continue to comply with SEBI Listing Regulations regarding board composition.

Likely market impact

Routine governance change as a government nominee director steps down; no impact on operations or financials expected.