Rajkumar Lekhwani steps down as chairman; Deepak Jajodia joins board

Director resignedManagement Changes View source PDF Explain this filing

IVP · price

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Price reactionminutes from the announcement price · days from the prior close

-6.3%Reaction day

₹182.51

prior close

₹184.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Specialty Chemicals peers, median of 100sector+0.7%-7.0% vs sector

On the reaction day the stock moved 7.0 pts less than its Specialty Chemicals 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

-5.0

10m

-5.2

15m

-6.1

30m

-5.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.3pendingpending+0.7-7.0

Next day

-6.7pendingpending+0.0-6.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 100Pending

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

AI summary

IVP said Rajkumar Lekhwani stepped down as director and chairman effective November 4, 2026, ending all committee roles. Independent director Ranjeev Lodha became chairman. Deepak Kumar Jajodia joined as an additional non-executive, non-independent director, subject to shareholder approval. September-quarter revenue was Rs 171.68 crore and profit Rs 4.65 crore, versus Rs 146.95 crore and Rs 4 crore a year earlier; first-half profit was Rs 18.67 crore.

Likely market impact

Stronger profit may support sentiment. Independent leadership provides oversight, while shareholder approval for the new director remains pending.