HESTERBIONSEHester Biosciences Limited· Pharmaceuticals & BiotechnologyHighNegative
Announced Tue, 12 May, 2026 · 19:50 IST

Hester Biosciences Limited has informed the Exchange regarding Cessation of Ms. Nina Gandhi as Alternate Director to Mr. Ravin Gandhi w.e.f. May 12, 2026 due to Resignation of Mr. Ravin Gandhi Non- Executive Director.

Kmp ResignedManagement Changes View source PDFExplain this filing

HESTERBIO · price

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Price reactionminutes from the announcement price · days from the prior close
+0.0%Reaction day
₹1690.00
prior close
₹1677.00
announcement price
After-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.7% vs market
Pharmaceuticals peers, median of 162sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and in line with its Pharmaceuticals 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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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 162Pending

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

AI summary

Mr. Ravin Gandhi has resigned as Non-Executive Director of Hester Biosciences Limited effective May 12, 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. Ms. Nina Gandhi, who was serving as his Alternate Director, has consequently ceased to hold office on the same date. Mr. Gandhi, based in Chicago, USA, has confirmed that there are no other material reasons for his resignation beyond those stated. The Company has made this disclosure under Regulation 30 of the SEBI LODR Regulations.

Likely market impact

The departure of Mr. Ravin Gandhi and his alternate removes a director with family ties from the board. While the company cites personal reasons and no material concerns, investors should monitor whether the board seeks replacement directors to maintain proper governance, especially given the dual departure.