Resignation of Director

Kmp ResignedManagement Changes View source PDF Explain this filing

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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

₹168.90

prior close

₹169.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+4.2%-7.7% vs market

Other Electrical Equipment peers, median of 49sector+4.3%-7.8% vs sector

On the reaction day the stock moved 7.7 pts less than Nifty Microcap 250 and 7.8 pts less than its Other Electrical Equipment 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

-0.1

10m

-0.6

15m

-0.6

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5+4.2-7.7+4.3-7.8

Next day

-5.3+4.1-9.4+5.5-10.8

-6.7+6.3-13.0+7.1-13.8

-5.9+6.3-12.2+7.3-13.2

-2.3+9.0-11.3+12.5-14.8

-1.6+10.3-11.9+12.1-13.7

+8.3+10.9-2.6+14.0-5.6

15d

+27.3+13.8+13.5+16.7+10.6

+49.1+19.0+30.1+20.1+28.9

+60.5+16.1+44.3+12.1+48.4

+139.2+22.3+116.9+11.1+128.1

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

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

AI summary

Mr. Chintan Umeshbhai Bhatt resigned as Independent Director effective April 6, 2026, citing inability to devote sufficient time to the company. He confirmed no other material reasons for the resignation. Simultaneously, the board appointed Mr. Arpankumar Patel as an Additional Independent Director for a 5-year term, subject to shareholder approval within 3 months. All board committees (Audit, Nomination & Remuneration, and Stakeholders Relationship) were reconstituted with Mr. Patel appointed as Chairman of the first two committees.

Likely market impact

The resignation is described as amicable with no governance concerns flagged. The board has promptly filled the vacancy, which limits disruption. Shareholders should note the upcoming approval needed for Mr. Patel's appointment.