Morarjee Textiles: Two Whole Time Directors to step down on Jun 9

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

MORARJEE · price

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

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₹9.10

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+4.1% vs market

On the reaction day the stock moved 4.1 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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Reaction day

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AI summary

Mr Harshvardhan Piramal (from promoter Piramal family) and Mr Kishor Dhage will cease as Whole Time Directors of Morarjee Textiles effective June 9, 2026. The filing does not mention any reason for their exit. Investors should seek more clarity from the company on succession plans and the circumstances of the departure.

Likely market impact

Two WTD exits including a promoter family member; shareholders may seek clarity on reasons and succession.