Independent Director Sanjiv Swarup resigns from Responsive Industries

Management Changes View source PDF Explain this filing

RESPONIND · price

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

-2.1%Reaction day

₹143.10

prior close

₹147.00

announcement price

After-mkt

timing

Nifty Microcap 250market-2.3%+0.3% vs market

Furniture Home Furnishing peers, median of 7sector-1.5%-0.5% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.5 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

-2.2

10m

-2.3

15m

-2.5

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-2.3+0.3-1.5-0.5

Next day

+3.3-1.9+5.2-1.4+4.7

+3.4-0.2+3.7-3.5+7.0

+4.5pendingpending-3.0+7.5

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15d

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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

Mr. Sanjiv Swarup, Non-Executive Independent Director of Responsive Industries Ltd, resigned effective October 22, 2026. He cited personal and professional reasons, unavoidable circumstances, and the statutory cap on the number of directorships. He also stepped down from all board committee memberships. He confirmed there are no other material reasons for his exit.

Likely market impact

One independent director exit for personal reasons; no governance red flags disclosed. Minor board composition change.