Two directors resign post-IPO after fully exiting shareholding

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

₹70.33

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

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10m

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15m

-0.2

30m

+1.0

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

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

AI summary

Hexagon Nutrition announced the resignation of two directors effective 6 July 2026. Executive Director Mr. Subhash Kelkar and Non-Executive Director Mr. Aditya Kelkar both stepped down because they were selling shareholders in the recently concluded IPO. Both have fully exited and hold zero shares now. They remain bound by a Non-Compete Agreement dated 20 April 2026.

Likely market impact

Routine post-IPO promoter exit; selling shareholders step down after divesting. Neutral for shareholders, signals cleaner governance.