Announced Tue, 7 Apr · 20:23 IST

Board reshuffle: 3 independent directors quit citing governance issues, CFO replaced

Cfo ResignedMultiple Ind Directors ResignedDirector Flagged GovernanceKmp ResignedManagement Changes View source PDF

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

Price reaction · full curve 14 horizons · vs prior close

+10.2%1-day move

₹27.95

prior close

₹29.34

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-4.7+0.0+0.0-1.2+10.2+15.7+21.5+27.4+33.8+43.1+64.6+78.9+110.8+150.4

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AI summary

Ikoma Technologies' board on April 7, 2026 saw 3 independent directors (Tiwari, Chirawawala, Sanjeev Seth) resign citing 'continuous non-compliance, lack of transparency, and ongoing legal exposure.' 4 new independent directors and a whole-time director were appointed. CFO Rahul Bhargav resigned; Sanyog Kumar Rathi replaces him. Board approved a takeover termsheet for ICM Insurance Brokers. Q3 FY26: Rs 1.09 lakh income, Rs 12.41 lakh net loss. GST registration is inactive; BSE fines noted.

Likely market impact

Governance red flags: 3 independent directors quit citing compliance failures. Distressed financials with negative equity and inactive GST raise concerns.