RESPONINDBSEResponsive Industries LtdHighNegative
Announced Tue, 26 May · 14:43 IST

Intimation of resignation of Mr. Rishabh Agarwal as Non-Executive Non-independent Director and Chairperson of the Company

Management Changes View source PDF

RESPONIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+11.4%1-day move
₹173.55
prior close
₹184.81
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.7-1.5-1.0-0.8+11.4+11.9+4.4+9.0+11.0+3.9+2.6+12.4+0.8
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AI summary

Mr. Rishabh Agarwal (DIN: 05011607) has tendered his resignation from the positions of Non-Executive Non-Independent Director and Chairperson of Responsive Industries Limited, effective close of business hours on May 26, 2026. The resignation letter was dated May 20, 2026. The stated reason is personal reasons. Mr. Agarwal has confirmed there are no material reasons behind his exit, including no concerns or disputes relating to the affairs or management of the Company. He also ceases membership of all Board committees he was part of. The Company has expressed gratitude for his guidance and contribution during his tenure. He holds no directorships in other listed entities.

Likely market impact

The departure of the Chairperson creates a leadership gap at the Board level. While the company has stated no material reasons, investors should monitor for appointment of a replacement Chairperson and any unusual board changes.