India Motor Parts and Accessories Limited has informed the Exchange regarding Change in Director(s) of the company.

Kmp ResignedPromoter Family Board EntryManagement Changes View source PDF

IMPAL · price

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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

+0.3%1-day move

₹1027.00

prior close

₹1032.50

base price

After-mkt

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AI summary

Sri S Ram has resigned as Chairman & Non-Executive Director with effect from close of business hours on 8th May 2026, citing advancing age. The Board expressed appreciation for his valuable guidance during his tenure. Simultaneously, Sri Srivats Ram, who was already a Non-Executive Director, has been appointed as the new Chairman for a term of 5 years effective 9th May 2026. The same-day resignation and appointment suggests a planned succession within the company. Both individuals share the surname 'Ram', indicating this is likely a family succession at the promoter level.

Likely market impact

The resignation of the long-serving Chairman may attract attention from investors, though the immediate appointment of his apparent family member (Srivats Ram) as successor provides continuity. The leadership transition appears smooth and well-planned.