Independent Director Rakesh Sharma resigns

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

+1.7%Reaction day

₹47.45

prior close

₹48.24

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+1.7% vs market

Stockbroking & Allied peers, median of 39sector+0.3%+1.4% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.4 pts more than its Stockbroking & Allied 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

+1.7+0.0+1.7+0.3+1.4

Next day

+0.9+1.3-0.4+2.9-1.9

-0.9+1.1-2.0+2.1-3.1

-1.0-1.7+0.7+0.0-1.0

+1.4-1.4+2.8+0.6+0.8

+1.2-0.6+1.8+0.2+1.0

+2.5+0.3+2.2+0.4+2.1

15d

+1.1-6.1+7.2-4.0+5.1

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

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

AI summary

Mr. Rakesh Radhakishan Sharma, Non-Executive Independent Director of Joindre Capital Services, has resigned effective close of business on October 5, 2026, citing pre-occupations. He also steps down as Chairman of the Audit Committee and the Nomination and Remuneration Committee. No other material reasons were cited, and no other listed directorships were disclosed.

Likely market impact

Loss of an Independent Director and Chairman of two key board committees. Company will need to fill these positions to maintain committee composition norms.