Managing Director Mr. Hansraj Rathor passes away

Management Changes View source PDF Explain this filing

HEADSUP · price

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

+4.4%Reaction day

₹9.10

prior close

₹9.59

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+5.5% vs market

Garments & Apparels peers, median of 37sector-0.3%+4.7% vs sector

On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 4.7 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

-2.5

10m

-2.5

15m

-2.6

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.4-1.1+5.5-0.3+4.7

Next day

+3.8-3.5+7.3-1.4+5.2

+4.9-1.6+6.5-1.5+6.4

+1.6-2.2+3.8-1.7+3.3

-1.1-1.8+0.7-1.2+0.1

+1.2-1.5+2.7-1.4+2.6

-2.9-1.6-1.2-1.7-1.1

15d

-1.6-2.0+0.4-4.7+3.1

-0.8+0.7-1.5-5.8+5.0

-4.9-3.8-1.2-5.2+0.3

-17.5-9.8-7.7-17.1-0.4

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 37Pending

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

AI summary

Mr. Hansraj Rathor, Managing Director of Heads UP Ventures Limited, passed away unexpectedly on December 04, 2025. The company expressed deep condolences and called it an irreparable loss. The board has not yet announced a successor or interim leadership arrangement in this filing.

Likely market impact

Sudden loss of Managing Director creates leadership uncertainty until the board appoints a successor.