Promoter John K. Paul resigns from 5 subsidiary directorships

Management Changes View source PDF Explain this filing

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

-1.5%Reaction day

₹92.50

prior close

₹92.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.8% vs market

Automobiles peers, median of 19sector · industry level+1.2%-2.7% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 2.7 pts less than its Automobiles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

-2.1

15m

-1.6

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.3-1.8+1.2-2.7

Next day

+0.6+1.1-0.5+1.7-1.0

+3.8+1.3+2.5+2.3+1.5

+3.2+2.0+1.2+2.3+0.9

+5.9+0.3+5.6+3.8+2.1

+7.5+1.1+6.5+2.7+4.8

-0.2-3.2+3.0+1.0-1.2

15d

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UpDownMarket · Nifty Microcap 250Sector · Automobiles peers, median of 19Pending

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

AI summary

Mr. John Kuttukaran Paul, a promoter, resigned as Director from 5 subsidiaries (Prabal Motors, Popular Autoworks, Kuttukaran Cars, Popular Auto Dealers, Keracon Equipments) effective 08 Oct 2026. This follows a family settlement executed on 01 Oct 2026 among the promoter family. Mr. Francis K. Paul and Mr. Naveen Philip continue as controlling promoters with full management and operational control of the listed company and its subsidiaries.

Likely market impact

Part of an amicable promoter family settlement. Control stays with Francis K. Paul and Naveen Philip. Limited immediate operational impact; watch for further governance updates.