Navkar Corporation Limited has informed the Exchange regarding Resignation of Mr Ashok Devadiga as Other of the company w.e.f. July 10, 2025.

Kmp ResignedManagement Changes View source PDF Explain this filing

NAVKARCORP · price

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

+0.2%Reaction day

₹105.60

prior close

₹106.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.8% vs market

Logistics Solution Provider peers, median of 36sector-1.2%+1.4% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.2-0.5+0.8-1.2+1.4

Next day

+7.7-0.4+8.1-1.6+9.3

+8.5+0.9+7.6-1.3+9.8

+8.0+1.3+6.7-0.6+8.6

+22.5+1.6+20.9-0.6+23.1

+20.7+1.1+19.7-0.3+21.0

+27.2+0.9+26.3-1.6+28.8

15d

+19.2-3.3+22.5-6.7+25.9

+13.2-5.1+18.2-6.1+19.3

+18.4-2.3+20.7-8.1+26.4

+14.8-3.9+18.7-10.0+24.8

UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 36Pending

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

AI summary

Mr. Ashok Devadiga, Chief Human Resource Officer and Senior Management Personnel of Navkar Corporation Limited, has resigned from his position due to personal reasons. He had submitted his resignation letter dated June 6, 2025, and was relieved from duties at the close of business on July 10, 2025. The disclosure has been made to both BSE and NSE as required under SEBI Listing Regulations. The company has accepted his resignation and hosted the information on its website.

Likely market impact

This is a routine senior management change with no stated reason beyond personal reasons. For shareholders, this is a low-impact event but it leaves the CHRO position vacant, and investors may watch for a timely replacement announcement.