Two directors resign post-IPO share divestment

Kmp ResignedManagement Changes View source PDF

HEXAGON · price

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Price reaction · full curve 14 horizons · vs prior close

-5.8%1-day move

₹70.60

prior close

₹70.35

base price

In-mkt

timing

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-0.1-0.2+0.2+0.1-5.8-2.4+2.9+9.0+7.4+4.1————

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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.