Independent Director Mr. Naveen Gupta resigns from Recode Studios

Kmp ResignedManagement Changes View source PDF Explain this filing

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

-3.7%Reaction day

₹187.00

prior close

₹185.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-2.8% vs market

Personal Care peers, median of 14sector-0.8%-3.0% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 3.0 pts less than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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StockMarketvs marketSectorvs sector

Reaction day

-3.7-1.0-2.8-0.8-3.0

Next day

+4.7-0.4+5.0-0.9+5.6

+13.1-0.8+13.9-1.3+14.4

+9.7-1.9+11.6-1.2+10.9

+9.6-1.3+10.9-2.5+12.1

+10.2-1.0+11.1-3.0+13.1

+20.3-2.8+23.1-3.1+23.4

15d

+20.3+0.4+20.0-2.8+23.1

+54.0+2.4+51.6-5.3+59.3

+103.2+1.0+102.3-9.8+113.0

+144.3+1.8+142.5-11.5+155.8

UpDownMarket · Nifty Microcap 250Sector · Personal Care peers, median of 14Pending

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

AI summary

Mr. Naveen Gupta (DIN: 10449003) has resigned as Independent Director of Recode Studios Limited effective close of business on 13 July 2026. He also stepped down as Chairman of the Audit Committee. He cited personal and professional commitments making it difficult to devote sufficient time going forward. He confirmed no other material reasons for his exit.

Likely market impact

Loss of an Independent Director and Audit Committee Chairman may raise governance concerns. Watch for a replacement appointment to fill the board vacancy.