CFO and Executive Director resigns, stays on board

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

INDIANCARD · 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

-3.3%Reaction day

₹223.70

prior close

₹227.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.5% vs market

Other Textile Products peers, median of 181sector+0.0%-3.3% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 3.3 pts less than its Other Textile 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

+0.0

10m

+0.0

15m

+0.0

30m

-3.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.1-3.5+0.0-3.3

Next day

-1.3+0.5-1.8+0.0-1.3

-4.3-0.1-4.2-0.4-4.0

-6.5+0.4-6.9+0.5-7.0

-6.5+0.7-7.1+0.5-7.0

-7.9+0.9-8.9-0.5-7.4

-6.9+1.1-8.0-0.0-6.9

15d

-2.1+1.6-3.7+0.4-2.5

-6.6-0.7-5.8-1.8-4.8

-13.8-3.2-10.6-3.6-10.2

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 181Pending

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

AI summary

Mr. Sanjeevkumar Karkamkar has resigned as Executive Director and CFO of Indian Card Clothing Company effective September 1, 2026, citing advancing age. He will continue as a Non-Executive Non-Independent Director on the board, ensuring continuity.

Likely market impact

Smooth transition as he stays on board. Company will need a new CFO appointment; watch for successor announcement.