Company Secretary and Independent Director resign on same day

Kmp ResignedManagement Changes View source PDF Explain this filing

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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

Stock

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30m

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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 reported two resignations effective 7th October 2026. Mrs. Dhruvi Patel stepped down as Company Secretary and Compliance Officer due to personal reasons. Mr. Abhishek Shivpujan Giri (DIN: 10364515) also resigned as Non-Executive Independent Director for personal reasons. He continues as Independent Director at Sellwin Traders Limited. Both confirmed no other material reasons for resignation.

Likely market impact

Simultaneous exit of the compliance officer and an independent director may raise short-term governance concerns, though reasons are personal.