Announced Sun, 3 May, 2026 · 12:56 IST

Demise of Shri Rammohanraja Ramji, Promoter & Managing Director and Key Managerial Personnel of the Company

Kmp ResignedCeo ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.9%Reaction day

₹31.30

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.5%-3.4% vs market

Packaging peers, median of 63sector+0.1%-2.1% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.1 pts less than its Packaging 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

-1.9+1.5-3.4+0.1-2.1

Next day

-2.0+1.4-3.4-0.2-1.8

-1.2+3.0-4.2+0.9-2.1

-4.8+4.6-9.4+1.6-6.4

+1.9+4.5-2.6+1.1+0.8

-3.5+3.0-6.5+0.9-4.3

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15d

-9.2+2.9-12.1-0.8-8.4

-8.9+4.1-13.0-2.9-6.0

-9.7+10.5-20.2-1.2-8.5

-6.0+11.6-17.6+4.2-10.2

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 63Pending

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

AI summary

Polyspin Exports Ltd announces the sudden death of Shri Rammohanraja Ramji (DIN: 00109393) on May 3, 2026 at 2:57 AM. He was the Promoter, Managing Director, and Key Managerial Personnel of the company, serving as MD since April 1, 2013. The company describes his death as an irreparable loss, highlighting his crucial leadership role and contributions to the board and various committees. Under SEBI LODR Regulation 31A(6)(c), he would cease to be a Promoter of the company effective immediately.

Likely market impact

The sudden loss of both the Managing Director (CEO-level) and KMP creates a leadership vacuum. The company will need to appoint a new Managing Director, which may require shareholder and board approvals. As a promoter demise, this could also affect the company's promoter group structure and shareholding dynamics.