Intimation regarding delay in submission of information pertaining to demise of Independent Director

Director Flagged GovernanceManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-4.2% vs market

Other Financial Services peers, median of 76sector-0.2%-4.7% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 4.7 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 76Pending

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AI summary

Kanungo Financiers has informed the stock exchanges about a delay in reporting the death of its Independent Director, Mrs. Manjulaben Navinchandra Kothari (DIN: 08012476), who passed away on September 22, 2025. The company says it could not file the intimation on time because the official death certificate was not available and family confirmation was pending. The death certificate was received on November 1, 2025, after which the disclosure was made. The company has apologized for the unintentional delay and assured timely disclosures going forward.

Likely market impact

The board has lost an Independent Director, leaving a vacancy that may need to be filled within the timeline required under SEBI/Companies Act rules. The delayed disclosure is a governance red flag that investors should note, though the company has acknowledged and apologized for the lapse.