Announced Tue, 7 Jul · 11:42 IST
Two directors resign after fully exiting shareholding 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
₹70.32
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-0.2-0.2+0.5-5.8-2.4+2.9+9.0+7.4+4.1————
Up moveDown movePending
AI summary
Two directors, Mr Subhash Kelkar (Executive Director) and Mr Aditya Kelkar (Non-Executive Director), resigned effective 6 July 2026. Both were selling shareholders in the recently concluded IPO and have fully divested their holdings, hence stepping down from the Board. They remain bound by a non-compete and confidentiality agreement dated 20 April 2026.
Likely market impact
Founding shareholder exit post-IPO. Planned and orderly, but may reduce insider skin in the game going forward.