Non-Executive Director Mr. Rajesh Shah passes away

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

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₹36.73

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.7% vs market

Edible Oil peers, median of 26sector-0.1%+0.1% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.1 pts more than its Edible Oil 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

+0.0+0.7-0.7-0.1+0.1

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+0.6+1.1-0.5-0.7+1.3

+0.7+1.6-0.9-0.6+1.3

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+0.2+1.3-1.1-2.7+2.9

-3.1+1.4-4.5-2.3-0.7

-7.4-2.1-5.4-2.9-4.6

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-4.9-1.4-3.4-7.0+2.1

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UpDownMarket · Nifty Microcap 250Sector · Edible Oil peers, median of 26Pending

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

AI summary

Madhusudan Industries informed BSE about the sad demise of Mr. Rajesh Bhikhubhai Shah, Non-Executive Non-Independent Director, on 3rd September 2026. The company expressed deep condolences to his family. The disclosure has been made under SEBI LODR Regulation 30. No further details on profile or relationships were provided.

Likely market impact

Loss of a board member. Company may need to fill the vacancy. No immediate financial impact expected for shareholders.