Two directors resign after fully exiting shareholding post IPO

Kmp ResignedManagement Changes View source PDF Explain this filing

HEXAGON · price

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹70.60

prior close

₹70.32

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-2.1% vs market

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250, 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

Stock

+0.2

10m

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15m

-0.2

30m

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.8-0.7-2.1

Next day

-5.8-2.7-3.1

-2.4-0.8-1.6

+2.9+0.5+2.4

+9.0+0.7+8.3

+7.4-0.3+7.7

+4.1-0.2+4.3

15d

-11.8-1.7-10.1

-9.3+2.7-12.0

-6.5+4.8-11.3

+2.0+3.2-1.3

UpDownMarket · Nifty Microcap 250Pending

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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.