Four directors resign, including three independent directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 5.2 pts more 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Pooja Kalanouria, Meena Agarwal and Ritu Agarwal resigned as non-executive independent directors, while Manisha Khandelwal resigned as a non-executive non-independent director. All resignations took effect at the close of business on 24 October 2026. The directors cited personal commitments or other assignments and stated there were no other material reasons.
Losing three independent directors may weaken board oversight and create negative sentiment. The filing states there was no dispute or other material reason.