Chairman resigns, two new independent directors appointed

Management Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.5%Reaction day

₹13.93

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-0.8% vs market

Commodity Chemicals peers, median of 52sector-0.5%+1.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.0 pts more than its Commodity 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+1.3-0.8-0.5+1.0

Next day

+0.5+1.6-1.1-0.6+1.1

+4.7+1.7+3.1-1.3+6.1

+7.7+1.6+6.1-0.9+8.6

+7.7+1.5+6.2-1.5+9.1

+11.9+1.8+10.1-1.7+13.7

+7.7+2.1+5.6-0.3+7.9

15d

+0.6+3.2-2.6-1.7+2.3

+12.6+3.7+8.9+0.0+12.6

+0.1+1.1-1.0+0.6-0.5

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UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 52Pending

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

AI summary

Lime Chemicals: Chairman Avinash Jhaveri resigned on Aug 4, 2026 due to personal commitments, with no other material reasons cited. Board appointed Samir Kumar Das, a 30-year BFSI veteran (SBI, ICICI, Axis, Tata Capital), as new Chairman and independent director. Rakhi Upadhay, a financial consultant with 25 years experience, was also appointed as independent director. All four board committees were reconstituted.

Likely market impact

Smooth leadership transition with experienced BSI professional as new Chairman. No governance red flags; no promoter or family board changes.