Announced Wed, 30 Sept, 2026 · 13:15 IST

Independent Director completes second term and steps down

Management Changes View source PDF Explain this filing

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

-1.0%Next day

₹15.15

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+0.6% vs market

Other Textile Products peers, median of 186sector-1.0%+0.0% vs sector

By the next day the stock moved 0.6 pts more than Nifty Microcap 250 and in line with 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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mrs. Shobhaben Bharatbhai Ramani (DIN 08110725) finished her second term as Independent Director of Prashant India Limited and ceased to be on the board from close of business on September 29, 2026. The company confirmed the disclosure under SEBI LODR and placed on record its appreciation for her services during her tenure.

Likely market impact

Planned end of tenure, not a sudden exit. One independent director seat is now vacant and may need to be filled per SEBI norms. No material impact expected.