Announced Tue, 25 Aug, 2026 · 20:56 IST

MD resigns, Independent Director passes away at Hipolin Ltd

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.8%Reaction day

₹103.05

prior close

₹100.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.2% vs market

Household Products peers, median of 9sector+0.8%+1.0% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.0 pts more than its Household Products peers, 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

+5.0

10m

+5.0

15m

+5.0

30m

+5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.6+1.2+0.8+1.0

Next day

-3.5+0.4-3.9-0.6-3.0

-8.3+0.7-9.0+0.0-8.4

-12.9+1.0-13.9-1.3-11.6

-17.3-0.0-17.2-0.8-16.4

-21.4-0.6-20.8-0.3-21.1

-25.6+0.7-26.3+1.7-27.2

15d

-28.2-1.2-27.0+1.5-29.7

-12.9-0.9-12.0-3.5-9.4

-14.6-9.0-5.6-12.3-2.3

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UpDownMarket · Nifty Microcap 250Sector · Household Products peers, median of 9Pending

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

AI summary

Hipolin Ltd clarified two board changes. Managing Director Dr. Prafulla Gattani resigned on 14 Aug 2026 citing pre-occupation, with no other reason disclosed. Independent Director Mr. Umeshchandra P Mehta passed away on 30 July 2026; the company was informed on 14 Aug and promptly notified BSE the same day. Director Daxesh B Shah signed the filing. Resignation letter and death certificate attached.

Likely market impact

Loss of both Managing Director and Independent Director in a short span may affect leadership continuity and board composition at Hipolin.