Announced Wed, 17 Sept, 2025 · 18:19 IST
Managing Director resigns but remains Board Chair
SANGINITA · price
▲ 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
-2.9%Reaction day
₹10.22
prior close
₹10.42
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-2.7% vs market
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250, 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
5m
-0.1
10m
-0.6
15m
-0.6
30m
-1.5
Sessions after the filingfrom the prior close
StockMarketvs market
Reaction day
-2.9-0.2-2.7
Next day
-2.7+0.1-2.9
2d
-3.9-0.6-3.3
3d
-4.4-0.9-3.5
4d
-2.6-1.3-1.4
5d
-3.2-2.3-0.9
1w
-1.8-5.2+3.4
15d
+5.6-2.9+8.5
1m
+3.4-2.6+6.0
2m
+4.6-2.9+7.5
3m
-1.2-8.9+7.8
UpDownMarket · Nifty Microcap 250Pending
Minute windows have no benchmark: there is no intraday index history to compare against.
AI summary
Dineshsinh B. Chavada resigned as Managing Director effective 17 September 2025 for personal reasons. He will continue as a director and Chairman of the Board, so there is no change to his board role or directorship.
Likely market impact
The leadership change may create some short-term uncertainty, but continuity remains as he stays Board Chair and director.