Chief Technology Officer Siddharth Modi resigns

Kmp ResignedManagement Changes View source PDF Explain this filing

LAXMIINDIA · price

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

-1.3%Reaction day

₹148.00

prior close

₹148.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-1.8% vs market

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250, 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

-1.3

10m

-1.3

15m

-1.4

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.3+0.5-1.8

Next day

-2.7+0.0-2.7

+0.7+1.0-0.3

+2.0+2.1-0.0

+3.8+1.6+2.2

+2.0+1.2+0.8

+6.9+1.9+5.1

15d

+2.0+0.4+1.6

-12.4+1.5-13.9

-12.7-4.4-8.2

-26.9-7.2-19.7

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Laxmi India Finance said Chief Technology Officer Siddharth Modi resigned for personal reasons, effective at the close of business on October 14, 2025. The company classified him as senior management and disclosed no successor.

Likely market impact

The CTO role is now vacant. No successor or operational impact was disclosed, so the effect on execution and near-term earnings remains unclear.