Resignation of Chief Information Officer and Head of IT, Mr. Kartik Chawda

Kmp ResignedManagement Changes View source PDF Explain this filing

ZSARACOM · price

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

-0.2%Reaction day

₹9690.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.1% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.0%-0.2% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-0.2+0.8-1.1+0.0-0.2

Next day

+3.9+1.0+2.8+0.4+3.4

+0.4+1.7-1.4+0.2+0.2

+1.1+0.1+1.1+0.0+1.1

+1.2+0.8+0.4+0.0+1.2

+1.0-0.9+1.9-0.5+1.5

-2.7-4.5+1.8-2.4-0.2

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

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

AI summary

Mr. Kartik Chawda has resigned as Chief Information Officer and Head of IT (Senior Managerial Personnel) of Saraswati Commercial (India) Ltd, effective close of business on 9 October 2026. He is leaving to pursue a career opportunity outside the company. The Board thanked him for his contributions during his tenure. No other material reasons were cited.

Likely market impact

Departure of a senior IT and technology head. Investors should watch for any replacement announcement and assess continuity of IT strategy.