Board Rejects Proposed Buyback of Equity Shares

Corporate Actions View source PDF Explain this filing

RESPONIND · price

Loading chart…

▲ 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

-2.6%Reaction day

₹163.70

prior close

₹159.08

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-4.2% vs market

Furniture Home Furnishing peers, median of 7sector+0.1%-2.7% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 2.7 pts less than its Furniture Home Furnishing 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

+0.4

10m

+0.5

15m

+0.4

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6+1.6-4.2+0.1-2.7

Next day

-2.5+1.5-3.9-1.1-1.3

-4.1+1.9-6.0-1.3-2.8

-1.0+3.2-4.2+0.0-1.0

-4.2+1.7-5.8-1.4-2.7

-0.7+2.0-2.7-0.8+0.0

+2.6+1.4+1.3-3.1+5.7

15d

-8.4-0.8-7.6-7.1-1.3

-8.1-2.5-5.5-6.4-1.6

—————

UpDownMarket · Nifty Microcap 250Sector · Furniture Home Furnishing peers, median of 7Pending

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

AI summary

Board of Responsive Industries met on Sept 17, 2026 and decided NOT to proceed with the proposed buyback of equity shares. The Board cited prevailing market conditions, global economic uncertainties, and their impact on the company export business. The Board may reconsider the proposal at an appropriate future time, subject to market and regulatory conditions.

Likely market impact

Negative near-term sentiment as shareholders expecting a buyback will not receive one; stock may face short-term pressure.