Announced Thu, 2 Jul · 11:39 IST
Demise of Independent Director Shri Jainendra Baxi on 1 July 2026
Management Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+7.8%1-day move
₹35.25
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+7.8+3.2-0.3+4.7+0.7-1.7+2.8———
Up moveDown movePending
AI summary
MRC Agrotech has informed the BSE about the sudden passing of Shri Jainendra Baxi, a Non-Executive Independent Director, on 1 July 2026. The company received information about his demise on the same day. The board and employees have condoled his loss and described his passing as an irreparable loss. The company will fill the resulting board vacancy within the time permitted under applicable law. Scrip code on BSE is 540809.
Likely market impact
Board loses an Independent Director; company must appoint a replacement within the legally allowed timeframe to stay compliant with SEBI listing rules.