India Tourism Development Corporation Limited has informed the Exchange regarding Cessation of Shri M.R. Synrem as Managing Director of the company w.e.f. April 10, 2025.

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

ITDC · price

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

+2.1%Reaction day

₹568.00

prior close

₹575.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+3.2%-1.1% vs market

Hotels & Resorts peers, median of 49sector+2.0%+0.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.1 pts more than its Hotels & Resorts 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

-0.4

10m

+0.1

15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+3.2-1.1+2.0+0.1

Next day

+4.7+4.1+0.6+2.4+2.3

+4.0+4.9-0.8+2.7+1.3

+5.6+6.4-0.8+4.0+1.6

+5.2+7.3-2.1+4.9+0.2

+5.6+7.3-1.8+4.7+0.9

-0.4+4.9-5.3+1.3-1.6

15d

-4.6+1.6-6.2-3.1-1.5

+3.0+10.8-7.8+3.3-0.3

+5.6+17.0-11.3+4.9+0.8

+6.4+20.2-13.8+8.4-2.0

UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 49Pending

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

AI summary

India Tourism Development Corporation Limited (ITDC) has informed the stock exchange that Shri M.R. Synrem has ceased to be the Managing Director of the company with effect from April 10, 2025. No reason for the cessation has been disclosed in the filing. The company is a public sector undertaking under the Ministry of Tourism. The exchange has been formally notified of this change in key managerial personnel. No announcement of a successor has been made in this filing.

Likely market impact

The departure of the Managing Director introduces leadership uncertainty at ITDC, which could affect ongoing strategic decisions and operational continuity in the short term. Shareholders should watch for further announcements regarding the appointment of a new MD and any clarifications on the reason for this exit, as government PSU leadership changes can influence stock sentiment.