Resignation of Mr. Rishabh Agarwal as Non-Executive and Non-Independent Director & Chairperson of the Company

Key managerial personnel resignedDirector flagged a governance concernManagement Changes View source PDF Explain this filing

RESPONIND · price

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▲ 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

₹183.25

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

-1.2

10m

-0.6

15m

+0.1

30m

+1.8

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 as Non-Executive Non-Independent Director and Chairperson of Responsive Industries Ltd, effective May 26, 2026 (end of business hours). The resignation letter was dated May 20, 2026. Mr. Agarwal cited personal reasons for stepping down and confirmed there are no material reasons, disputes, or concerns relating to the company's affairs or management. He also confirmed no pending dues, liabilities, or disputes between himself and the Company. With this resignation, he ceases to be a member of the Board of Directors and all committees. Mr. Agarwal did not hold any directorships in other listed entities.

Likely market impact

The resignation of the Chairperson creates a governance gap and board leadership vacuum. Shareholders should monitor for the appointment of a new Chairperson and any impact on board composition or company direction.