Independent Director Mr. Ashok Bhandari passes away

Management Changes View source PDF Explain this filing

RUPA · price

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

+0.0%Reaction day

₹162.48

prior close

₹164.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.4% vs market

Garments & Apparels peers, median of 37sector+0.2%-0.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 pts less than its Garments & Apparels 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

-0.6

10m

-0.8

15m

-0.7

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.4-0.4+0.2-0.2

Next day

-0.4+1.7-2.1-0.2-0.2

+2.2+2.1+0.1-0.5+2.7

+1.1+2.1-1.1-0.0+1.1

+1.4+2.1-0.6-1.0+2.4

-2.5+1.9-4.4-0.5-2.1

-5.5+2.4-7.9-1.5-4.0

15d

-7.2+3.0-10.3-2.5-4.8

-10.9+3.7-14.6-2.9-8.0

-21.2+1.6-22.7-6.4-14.8

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rupa & Company informed the exchanges about the sad demise of Mr. Ashok Bhandari, Non-Executive Independent Director, on August 3, 2026. He had been associated with the company as an independent director since August 10, 2018. The company will reconstitute the board and its committees within the timelines prescribed by law.

Likely market impact

Minor negative sentiment due to loss of an experienced independent director. Board to be reconstituted within regulatory timelines.