Independent Director Kalpesh Bafna completes maximum tenure

Management Changes View source PDF Explain this filing

Price

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▲ 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

-5.2%Reaction day

₹20.05

prior close

₹19.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-5.2% vs market

Computers - Software & Consulting peers, median of 65sector+0.0%-5.2% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 5.2 pts less than its Computers - Software & Consulting 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

+4.0

10m

-1.4

15m

+3.8

30m

+3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.2+0.0-5.2+0.0-5.2

Next day

-2.0+1.3-3.4+0.0-2.0

+1.7+1.1+0.7+0.2+1.6

-3.5-1.7-1.8-0.9-2.5

+0.4-1.4+1.9-0.4+0.9

+2.3-0.6+2.9-0.9+3.2

+2.2+0.3+2.0+3.0-0.8

15d

-6.7-6.1-0.6-2.2-4.5

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 65Pending

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

AI summary

Mr. Kalpesh Bafna ceased as Independent Director of Shradha AI Technologies Limited on September 30, 2026, upon completion of his maximum permissible two-term tenure under the Companies Act, 2013. He also stepped down from board committee roles. This is a routine regulatory completion of term, not a resignation.

Likely market impact

Board must appoint a new independent director to meet statutory composition rules. No immediate financial impact on shareholders.