Announced Fri, 16 Oct, 2026 · 19:55 IST

Independent Director Mr Jagdish Prasad Pareek resigns from IndiaNivesh board

Management Changes View source PDF Explain this filing

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

+3.5%Reaction day

₹6.65

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+5.1% vs market

Non Banking Financial Company (NBFC) peers, median of 209sector-0.2%+3.7% vs sector

On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 3.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.5-1.7+5.1-0.2+3.7

Next day

+2.1-4.2+6.3-2.0+4.1

+2.4-5.2+7.6-2.9+5.3

-9.0-7.4-1.6-4.4-4.6

-2.1-7.0+4.9-4.6+2.5

-1.8-5.5+3.6-4.6+2.7

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 209Pending

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

AI summary

IndiaNivesh Limited informed BSE that Non-Executive Independent Director Mr Jagdish Prasad Ridhkaran Pareek (DIN: 00048635) resigned effective closing of business hours on 16th October 2026. He cited pre-occupation and personal commitments and confirmed there is no material reason for the exit. He also ceased to be member or chairperson of board committees as applicable.

Likely market impact

Single independent director exit on personal grounds is neutral. Company must fill the board vacancy within SEBI timelines.