Chairman Resigns, New Chairperson Appointed

Management Changes View source PDF Explain this filing

Price

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

+1.0%Reaction day

₹0.97

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+1.3% vs market

Non Banking Financial Company (NBFC) peers, median of 221sector-0.1%+1.2% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.2 pts more than its Non Banking Financial Company (NBFC) 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-0.2+1.3-0.1+1.2

Next day

+0.0-3.0+3.0-1.9+1.9

-1.0-2.7+1.7-1.4+0.4

+3.1-1.9+5.0-1.0+4.1

+8.2-1.7+10.0-0.6+8.9

+11.3-1.0+12.4-0.3+11.6

+4.1-2.0+6.1-0.8+5.0

15d

-16.5-6.6-9.9-3.7-12.8

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 221Pending

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

AI summary

Mr. Deepak Saushi resigned as Non-Executive Director and Chairperson on 6 October 2026, citing pre-occupancy and other commitments, and confirmed no other material reasons. The board appointed Mr. Sandesh Subhash Namase, a B.Com graduate with over 10 years of experience in accounting, taxation, and administration, as the new Non-Executive Director and Chairperson, subject to shareholder and regulatory approval.

Likely market impact

Routine board-level leadership change at a small non-banking finance firm. No governance red flags raised; impact on operations expected to be limited.