Intimation of sad demise of Mr. Jayantilal Harkisondas Shah under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
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On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 4.2 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Market Creators Ltd has informed BSE about the passing away of Mr. Jayantilal Harkisondas Shah, who served as the Chief Financial Officer (CFO) and Director of the company (DIN: 00051917). He died on Monday, 23rd November 2025, and the intimation to the stock exchange was made on 2nd December 2025 under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The company acknowledged his long association, vision, and leadership, describing the loss as irreparable. The disclosure has been filed as an annexure with the standard regulatory details.
The CFO and Director position is now vacant, and the company will need to appoint a replacement in due course to comply with KMP requirements, which may create short-term governance uncertainty for a small-cap stock.