Announced Fri, 2 Oct, 2026 · 17:52 IST

Whole-time Director's reappointment rejected at AGM; ceases office

Kmp ResignedManagement Changes View source PDF Explain this filing

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

+5.0%Reaction day

₹19.54

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+5.0% vs market

Specialty Chemicals peers, median of 101sector-0.6%+5.6% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.6 pts more than its Specialty Chemicals 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

+5.0+0.0+5.0-0.6+5.6

Next day

+10.2+1.3+8.9+1.0+9.2

+15.7+1.1+14.6+1.0+14.7

+21.4-1.7+23.2-1.0+22.4

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+33.6-0.6+34.2-0.0+33.6

+32.5+0.3+32.3+0.5+32.1

15d

+14.0pendingpending-6.1+20.1

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 101Pending

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

AI summary

At the 61st AGM on 29 September 2026, shareholders did not approve the reappointment of Mr. Ajay Rajnikant Shah (DIN: 00011763) as a Director liable to retire by rotation. He therefore ceased to be a Director and Whole-time Director of Organic Coatings Limited from the conclusion of the AGM. The company disclosed this cessation to BSE on 2 October 2026.

Likely market impact

Whole-time Director exits after shareholders rejected his reappointment, raising governance concerns and creating short-term leadership uncertainty.