Modi Rubber Limited has informed the Exchange about Resignation of Director/KMP/SMP

Director Flagged GovernanceManagement Changes View source PDF Explain this filing

MODIRUBBER · price

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

-2.8%Reaction day

₹134.37

prior close

₹132.33

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-1.4% vs market

Tyres & Rubber Products peers, median of 16sector-1.3%-1.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.4 pts less than its Tyres & Rubber Products 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

Stock

+2.1

10m

+3.1

15m

+3.2

30m

+2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.4-1.4-1.3-1.4

Next day

-0.3-0.9+0.6-1.2+0.9

-4.0-0.3-3.7-0.3-3.7

-1.5+0.8-2.3-0.8-0.7

-4.2+0.9-5.1-1.0-3.2

-3.1+2.5-5.6+0.8-3.9

-3.3+3.1-6.4+2.3-5.5

15d

-6.1+3.5-9.6-2.0-4.1

-4.2+8.0-12.2+0.9-5.0

-2.7+9.3-12.0+3.1-5.8

-14.3+14.0-28.3+2.8-17.1

UpDownMarket · Nifty Microcap 250Sector · Tyres & Rubber Products peers, median of 16Pending

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

AI summary

Mr. Tarun Agrawal, Independent Director of Modi Rubber Limited, has tendered his resignation effective May 15, 2026. The resignation has been submitted citing personal reasons and other professional commitments. Mr. Agrawal, who is a Senior Advocate by profession, has also ceased to be a member of all Board Committees. He has confirmed in writing that there are no material reasons behind his resignation other than those stated. The company has informed both NSE and BSE about this change in compliance with SEBI Listing Regulations.

Likely market impact

The resignation of an Independent Director raises governance concerns as it reduces board independence. However, since the director has confirmed no material reasons and cited only personal commitments, the market impact may be limited unless further disclosures reveal otherwise.