Resignation of Mr. Ayush Patel and Mr. Bharat Babubhai Sakariya from the position of Executive Directors of the Company

Kmp ResignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-4.6% vs market

Other Financial Services peers, median of 78sector-0.3%-4.6% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 4.6 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ontic Finserve Ltd has informed BSE that two Executive Directors, Mr. Ayush Patel (DIN: 10848330) and Mr. Bharat Babubhai Sakariya (DIN: 10849027), have resigned from the Board. Their resignation letters were dated November 17, 2025, and the resignations are effective from the close of business hours on November 20, 2025. Mr. Sakariya cited personal and professional reasons for his exit. The Board has accepted the resignations and recorded its appreciation for their contributions during their tenure. No replacement appointments have been announced in this filing.

Likely market impact

Simultaneous exit of two Executive Directors (who are Key Managerial Personnel) may raise short-term governance concerns for shareholders, and the market could react negatively until new leadership is announced or more clarity on the reasons is provided.