HESTERBIONSEHester Biosciences LimitedMediumNegative
Announced Tue, 12 May · 19:57 IST

Hester Biosciences Limited has informed the Exchange about Resignation of Director/KMP/SMP

Promoter Family Board EntryManagement Changes View source PDF

HESTERBIO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹1690.00
prior close
₹1677.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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
Up moveDown movePending
AI summary

Hester Biosciences Limited announced the resignation of Mr. Ravin Gandhi as Non-Executive Non-Independent Director effective 12 May 2026. The reason cited was ongoing professional and personal commitments preventing him from devoting sufficient time to the company's affairs, including attending Board meetings. As a consequence, Ms. Nina Gandhi, who was serving as Alternate Director to Mr. Ravin Gandhi, also ceased to hold office on the same date. Both resignations were effective 12 May 2026. Mr. Ravin Gandhi confirmed there are no other material reasons for his resignation beyond those stated.

Likely market impact

The departure of Mr. Ravin Gandhi and his alternate reduces board strength by two and may raise questions about governance continuity and family involvement in management. The company will need to fill these positions, and shareholders should monitor for replacement appointments.