Resignation of Mr. Rishabh Agarwal as NonExecutive and Non Independent Director of the Company

Kmp ResignedDirector Flagged GovernanceManagement Changes View source PDF Explain this filing

RESPONIND · price

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

+7.7%Reaction day

₹173.55

prior close

₹184.00

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

-1.6

10m

-1.0

15m

-0.6

30m

+0.5

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 has tendered his resignation as Non-Executive Non-Independent Director and Chairperson of Responsive Industries Ltd, effective May 26, 2026. He cited personal reasons for stepping down and explicitly confirmed there are no material reasons, disputes, or concerns relating to the company's affairs or management. The company thanked him for his guidance and valuable contribution during his tenure. As a result, he also ceases to be a member of all board committees where he served. The board has acknowledged the resignation as per Section 168 of the Companies Act, 2013.

Likely market impact

The departure of both the Director and Chairperson creates a leadership gap requiring board reconstitution. While the company states no governance concerns exist, the dual departure of a key board position may raise investor attention until a replacement is announced.