Two directors resign post-IPO share divestment

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

₹70.35

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

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Sessions after the filingfrom the prior close

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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

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15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Two directors, Subhash Kelkar (Executive) and Aditya Kelkar (Non-Executive), resigned from Hexagon Nutrition effective July 6, 2026. Both were selling shareholders in the recent IPO and have fully exited by divesting their entire shareholding. They remain bound by a Non-Compete Agreement dated April 20, 2026.

Likely market impact

Resignations tied to post-IPO share exit, not governance concerns. Non-compete agreement limits competition.