Company Secretary and Independent Director resign

Kmp ResignedManagement Changes View source PDF Explain this filing

HEADSUP · price

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

+0.9%Reaction day

₹6.44

prior close

₹6.44

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.8%+3.7% vs market

Garments & Apparels peers, median of 40sector-1.5%+2.4% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 2.4 pts more than its Garments & Apparels 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

+0.0

10m

+0.0

15m

+0.0

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9-2.8+3.7-1.5+2.4

Next day

-6.7-2.5-4.2-1.6-5.0

-5.0-1.7-3.3-1.6-3.4

-3.7-1.5-2.2-1.3-2.4

-1.1-0.8-0.3+0.0-1.1

-3.7-2.4-1.3-0.9-2.8

-2.6-3.4+0.7-2.0-0.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 40Pending

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

AI summary

Heads Up Ventures Limited has informed the stock exchanges of two resignations effective 7th October 2026. Mrs. Dhruvi Patel stepped down as Company Secretary and Compliance Officer citing personal reasons. Mr. Abhishek Shivpujan Giri, Non-Executive Independent Director, also resigned on personal grounds. Both confirm there are no other material reasons beyond those stated. No successors have been announced in this filing.

Likely market impact

Loss of a Key Managerial Personnel and one independent director in one go. Mildly negative governance signal; watch for timely replacements.