Jatin Thakkar ceases as Executive Director after reappointment rejected

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

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.3% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5sector+4.7%-4.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 4.7 pts less than its Road Assets - Toll Annuity Hybrid-Annuity 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

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 5Pending

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AI summary

At the annual general meeting on 30 September 2025, shareholders rejected Jatin Thakkar's proposal to continue as a director after his term ended. On the combined vote, 248,653,670 shares, or 99.43 percent, voted against and 1,429,978 shares, or 0.57 percent, voted for. He ceased to be Executive Director from that date.

Likely market impact

Jatin Thakkar has left the board and no successor is stated. This may create short-term governance uncertainty, but no financial impact was disclosed.