Announced Fri, 16 Oct, 2026 · 20:00 IST

Independent Director resigns, new Independent Director appointed

Management Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

—

announcement price

After-mkt

timing

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

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

—————

15d

—————

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

At IndiaNivesh Limited, Independent Director Jagdish Prasad Ridhkaran Pareek resigned on October 16, 2026 citing pre-occupation and personal reasons. Same day, Sanjay Ramdhari Yadav was appointed as Additional Non-Executive Independent Director for 5 years. Board committees were reconstituted with Yadav as Chairman of Audit and Nomination committees.

Likely market impact

Departing independent director is replaced immediately with no governance concerns raised. Minimal direct impact on shareholders.