Company Secretary and Independent Director resign from Heads Up Ventures

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

-7.5%Reaction day

₹6.50

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-7.8% vs market

Garments & Apparels peers, median of 41sector-0.1%-7.5% vs sector

On the reaction day the stock moved 7.8 pts less than Nifty Microcap 250 and 7.5 pts less 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.5+0.3-7.8-0.1-7.5

Next day

-5.8+1.1-7.0+0.4-6.3

-4.6+1.3-5.9+0.8-5.4

-2.0+2.0-4.0+1.4-3.4

-4.6+0.3-5.0+0.1-4.8

-3.1+1.1-4.1+0.5-3.6

-9.2-3.2-6.0-3.1-6.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 41Pending

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

AI summary

Heads Up Ventures Limited told the exchanges that two officials resigned on 7 October 2026. Mrs. Dhruvi Patel quit as Company Secretary and Compliance Officer for personal reasons. Mr. Abhishek Shivpujan Giri resigned as Non-Executive Independent Director, also for personal reasons, and confirmed no other material reasons behind his exit. No replacements have been named yet.

Likely market impact

Minor governance gap as the firm loses both its compliance officer and one independent director on the same day. Watch for replacement announcements.