INDORAMABSEIndo Rama Synthetics (India) LtdMediumNegative
Announced Fri, 29 May · 14:07 IST

Intimation for change of Board of Directors of the Company due to sad demise of Mr. Dhanendra Kumar, Independent Director.

Director Flagged GovernanceManagement Changes View source PDF

INDORAMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹42.00
prior close
₹40.82
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.0+0.2+0.9+0.0+1.4+5.0+5.7+8.9+12.0+10.7+7.6
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AI summary

Indo Rama Synthetics (India) Ltd has informed the stock exchanges about the sad demise of Mr. Dhanendra Kumar, who was an Independent Director on the company's board (DIN: 05019411). He passed away on Thursday, 28 May 2026, and consequently ceased to be a Director on the Board and all other Committee(s) from that date. The company received confirmation of his death on 29 May 2026 through newspaper and public media reports. This is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Likely market impact

The death of an Independent Director reduces the board's independent oversight capacity. The company will need to appoint a new Independent Director to comply with SEBI LODR requirements regarding minimum independent directors on the board.