Chairman and Promoter Mr. Ramesh Vaze passes away at 85

Management Changes View source PDF Explain this filing

SHK · 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

-1.8%Reaction day

₹135.60

prior close

₹135.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.7% vs market

Specialty Chemicals peers, median of 98sector-0.2%-1.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.6 pts less than its Specialty Chemicals 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

-0.5

10m

-0.6

15m

-0.8

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-0.1-1.7-0.2-1.6

Next day

+2.6+0.7+1.9+1.0+1.6

+0.0+2.3-2.3+1.8-1.8

+0.3+2.2-1.9+2.0-1.7

+1.8+2.6-0.8+2.0-0.2

+6.6+3.9+2.7+3.5+3.2

+4.2+2.7+1.5+2.4+1.8

15d

+0.3-1.2+1.5-1.6+1.9

+2.9-0.2+3.1+0.2+2.7

—————

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 98Pending

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

AI summary

Mr. Ramesh Vaze, Promoter, Non-Executive Director and Chairman of S H Kelkar and Company Limited, passed away on September 15, 2026, at age 85. A master perfumer, he joined the family business in 1961 and was instrumental in shaping SHK into India largest Indian-origin fragrance and flavour company. He served on the board since 1981 and as Non-Executive Chairman since 2019. Leadership continuity is in place as his son, Mr. Kedar Vaze, continues as Whole-Time Director and Group CEO.

Likely market impact

Operational leadership continues via Kedar Vaze as CEO, but promoter succession and board composition changes will be monitored by investors.