Announced Tue, 7 Jul · 11:51 IST
Two directors resign after fully exiting post-IPO
HEXAGON · price
▲ 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
-5.8%1-day move
₹70.60
prior close
₹70.24
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1+0.5+0.4-5.8-2.4+2.9+9.0+7.4+4.1————
Up moveDown movePending
AI summary
Two directors resigned effective July 6, 2026: Mr. Subhash Purushottam Kelkar as Executive Director and Mr. Aditya Kelkar as Non-Executive Director. Both cited complete divestment of shareholding following the recently concluded IPO. Both have fully exited the company and remain bound by a non-compete agreement dated April 20, 2026. No other material reasons for resignation were stated.
Likely market impact
Exit is linked to post-IPO share sale, not governance concerns. Board loses two members; watch for succession and any strategic direction changes.