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

Management Changes 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

+7.7%Reaction day

₹173.55

prior close

₹184.81

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%+7.0% vs market

Furniture Home Furnishing peers, median of 7sector-0.4%+8.1% vs sector

On the reaction day the stock moved 7.0 pts more than Nifty Microcap 250 and 8.1 pts more 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

-1.7

10m

-1.5

15m

-1.0

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.7+0.7+7.0-0.4+8.1

Next day

+11.4+0.7+10.7-1.1+12.4

+11.9+0.0+11.8-2.4+14.3

+4.4-1.1+5.4-0.3+4.6

+9.0+0.0+8.9-4.0+13.0

+11.0+0.3+10.8-4.6+15.6

+3.9+1.1+2.8-2.1+6.0

15d

+2.6+4.9-2.3-0.6+3.1

+12.4+5.3+7.0-2.4+14.7

+0.8+6.9-6.0-4.5+5.4

-12.4+11.9-24.3-5.2-7.1

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. 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.