Stock-exchange and Stakeholder are requested to take on record, the change in management arrising from appointement and resignation of Director as detailed in annexure attached herewith.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.0 pts more than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Indian Link Chain Manufacturers Ltd has seen a major board reshuffle effective 6–7 November 2025, linked to a change in management and control of the company. Mr. Anay Chodankar (son of Rajendra Chodankar) has been appointed as Additional Executive Director and Managing Director for 5 years; he currently serves at RRP Electronics Limited and has experience in electronics and AI. Mr. Rajendra Chodankar, founder/promoter of RRP Defense, joins as Non-Executive Director. Two new Independent Directors – Mr. Gajanan Godbole (ex-Axis Bank, BFSI and governance experience) and Ms. Riddhita Agrawal (compliance specialist) – have also been appointed for 5-year terms. Three directors – Independent Directors Mr. Ashok Jain and Mr. Jaynish Kothari, and Non-Executive Director Ms. Bhavika Thakkar – have resigned, citing the change in management/control following a takeover.
This represents a clear change of control at the company, with the incoming Chodankar family (linked to RRP Group) taking over the board and MD seat. Shareholders should expect a potential shift in business direction; the appointment of experienced professionals as Independent Directors provides some governance balance.