SHBAJRGBSEShri Bajrang Alliance Ltd· Industrial ProductsHighNegative
Announced Tue, 9 Jun, 2026 · 10:31 IST

Resignation of Mr. Narendra Goel from the office of Director and Chairman on the company with effect from the close of business hours dated June 08, 2026.

Kmp ResignedManagement Changes View source PDFExplain this filing

SHBAJRG · 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
+1.1%Reaction day
₹199.90
prior close
₹207.49
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-0.8% vs market
Iron & Steel Products peers, median of 94sector+1.2%-0.1% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day
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Next day
+0.2+0.4-0.2-0.4+0.6
2d
+0.8-0.7+1.5-1.0+1.8
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-1.0+4.1-5.0+1.5-2.5
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-2.5+4.6-7.1+1.5-4.0
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-0.2+6.3-6.5+2.4-2.6
15d
-5.4+7.5-13.0+0.4-5.8
1m
-1.5+7.4-8.9-0.3-1.2
2m
-10.9+11.2-22.1+2.4-13.3
3m
-20.5+13.9-34.3+7.1-27.6
UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

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

AI summary

Mr. Narendra Goel (DIN: 00115883), who served as Executive Director and Chairman of Shri Bajrang Alliance Ltd, has resigned effective close of business hours on 08 June 2026. He stated the reason as pre-occupation with other commitments and inability to devote sufficient time to the company's affairs. He also confirmed there are no material reasons for his resignation beyond what has been stated. The company disclosed this under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, with the resignation letter and required annexure enclosed for BSE records.

Likely market impact

The simultaneous exit of the Chairman and Executive Director creates a top-level leadership gap, which may raise short-term governance questions and uncertainty about strategic continuity. Shareholders should monitor for prompt disclosure of succession plans or interim arrangements at the board level.