Manager and KMP Ms. Banmala Jha passes away at age 70

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

HBESD · price

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

-0.5%Reaction day

₹75.20

prior close

₹74.83

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.7% vs market

Residential Commercial Projects peers, median of 64sector-0.1%-0.4% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Residential Commercial Projects 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

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15m

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30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.3-0.7-0.1-0.4

Next day

-0.9-0.2-0.7-0.3-0.6

-0.1+0.4-0.5-0.3+0.1

-0.1+0.2-0.3-0.8+0.7

-0.9+0.5-1.4-1.0+0.0

-0.3+0.8-1.0-1.9+1.6

-0.3-0.8+0.5-3.1+2.8

15d

-4.9-2.1-2.8-7.2+2.2

-6.3+0.2-6.5-4.6-1.7

-0.3-9.2+8.9-13.6+13.3

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 64Pending

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

AI summary

HB Estate Developers has informed BSE about the passing of Ms. Banmala Jha, Manager and Key Managerial Personnel, on August 23, 2026. She was 70 years old and had been associated with the company for a long time, contributing to its growth through her experience. The disclosure was made under SEBI LODR Regulation 30. Her KMP position is now vacant and will need to be filled by the company.

Likely market impact

KMP position now vacant; company will need to appoint a replacement. No direct financial impact expected in the near term.