HESTERBIONSEHester Biosciences LimitedMediumNegative
Announced Tue, 12 May · 19:50 IST

Hester Biosciences Limited has informed the Exchange regarding Resignation of Mr. Ravin Gandhi as Non- Executive Director of the company w.e.f. May 12, 2026.

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Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹1690.00
prior close
₹1677.00
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+1.4+1.1+1.1-0.4+3.5+7.9+5.1+7.4+8.9+12.0+15.0+22.9+50.6
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AI summary

Mr. Ravin Gandhi has tendered his resignation as Non-Executive Director of Hester Biosciences Limited effective 12 May 2026. He cited ongoing professional and personal commitments as the reason for his inability to devote sufficient time to the company's affairs, including attending Board meetings. As a consequence, Ms. Nina Gandhi, who was serving as his Alternate Director, has also ceased to hold office from the same date. Mr. Gandhi has confirmed that there are no other material reasons behind his resignation beyond those stated. The company has filed this intimation under SEBI LODR Regulation 30.

Likely market impact

The resignation of a non-executive director and the simultaneous cessation of his alternate director may lead to minor governance concerns for investors, though the board can continue functioning with remaining directors. No immediate material impact on stock price expected.