Independent Director Mr. Sidharath Singh Sekhon passes away

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MANORG · price

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

-1.0%Reaction day

₹456.50

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+0.5% vs market

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-1.0-1.5+0.5

Next day

+0.8-1.2+2.0

-1.4-2.8+1.3

-2.3-1.8-0.5

-2.0-2.0+0.1

-4.5-3.3-1.2

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15d

-3.6-3.9+0.3

+2.7-10.7+13.5

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Mangalam Organics Limited informed the stock exchanges about the sad demise of Mr. Sidharath Singh Sekhon, a Non-Executive Independent Director (DIN: 01983046), on September 23, 2026. The Board, management and employees conveyed deep condolences to his family. The company is required to fill the vacant independent director seat within the timeline prescribed under SEBI Listing Regulations and the Companies Act.

Likely market impact

One independent director seat is now vacant. Company must appoint a replacement within SEBI timeline. Near-term impact on stock likely limited.