Intimation of Sad demise of Mr. Hari Prasad Siotia (Non-Executive, Non-independent Director) on 7th June 2026.
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On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PBM Polytex Ltd has informed the stock exchanges about the passing of Mr. Hari Prasad Siotia, a Non-Executive, Non-Independent Director (DIN 00015103), on 7th June 2026. He had been associated with the company as a director since 1980, contributing to its leadership and growth for over four decades. The Board of Directors and employees have expressed deep condolences to his family. The company has made this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a sentimental loss for the company given his 46-year long association, but since he held a Non-Executive, Non-Independent role, there is likely no immediate operational impact. The board may need to fill the vacancy in due course, which investors should watch for.