Indef Manufacturing Limited has informed the Exchange regarding Cessation of Mr Kiran Matka as Other of the company w.e.f. March 12, 2026.

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

BAJAJINDEF · price

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

-4.5%Reaction day

₹231.00

prior close

₹230.37

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-1.9% vs market

Industrial Products peers, median of 120sector-2.3%-2.3% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.3 pts less than its Industrial 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

-3.8

10m

-4.5

15m

-3.7

30m

-3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.5-2.7-1.9-2.3-2.3

Next day

-0.9-0.3-0.5-0.7-0.2

+4.5-0.5+5.0-1.5+6.0

+9.5-0.8+10.3-2.1+11.6

+5.4-3.6+9.0-3.7+9.0

+1.1-4.2+5.3-4.9+6.1

+2.9-0.7+3.6-2.5+5.4

15d

+1.3-3.4+4.7-5.8+7.1

+11.3+2.6+8.6+2.0+9.2

+32.5+15.6+16.9+13.3+19.2

+4.7+16.6-11.9+12.6-7.9

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 120Pending

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

AI summary

Indef Manufacturing Limited has informed the stock exchanges that Mr. Kiran Prabhakar Matkar, the Operations Head and Senior Management Personnel of the company, has resigned due to personal reasons. His last working day will be March 12, 2026 (close of business hours). The company has accepted his resignation and confirmed there are no other material reasons behind the exit. This is a routine disclosure filed under SEBI Listing Regulations, with no impact on the Board of Directors.

Likely market impact

This is a mid-to-senior operational role change and is unlikely to materially affect stock price or shareholder value. Investors should watch for any successor appointment announcement, as continuity of operations will be important for the company.