Demise of Independent Director Shri Jainendra Baxi on 1 July 2026

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

+6.3%Reaction day

₹35.25

prior close

₹36.98

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+5.4% vs market

Trading & Distributors peers, median of 135sector+0.0%+6.3% vs sector

On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 6.3 pts more than its Trading & Distributors 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

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10m

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15m

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30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.3+0.9+5.4+0.0+6.3

Next day

+7.8+0.5+7.2+0.0+7.8

+3.2+0.7+2.5+0.0+3.2

-0.3+0.0-0.3+0.0-0.3

+4.7-2.0+6.6-1.4+6.0

+0.7-0.1+0.8-0.8+1.6

-1.7+1.4-3.1-0.6-1.1

15d

+2.8-1.4+4.3-1.8+4.6

+5.0+1.3+3.7-1.5+6.5

-24.5+3.8-28.3-3.5-21.0

-0.7+2.9-3.6-3.4+2.7

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 135Pending

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

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.