SILLY MONKS ENTERTAINMENT LIMITED has informed the Exchange about Resignation of Independent director.

Multiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

SILLYMONKS · price

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

+1.9%Reaction day

₹15.70

prior close

₹16.21

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+4.6%-2.7% vs market

Media & Entertainment peers, median of 11sector+9.8%-7.8% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 7.8 pts less than its Media & Entertainment 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

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AI summary

Two independent directors — Ratnakarrao Chepur (DIN: 08744674) and Rammohan Paruvu (DIN: 01284563) — have resigned from the board of Silly Monks Entertainment Limited with immediate effect from March 30, 2026. Both cited the successful completion of a takeover and change in management under SEBI Takeover Regulations as the reason. They confirmed there are no other material reasons for their exit. The company has been informed to file the necessary forms with the Registrar of Companies.

Likely market impact

This signals that a change of control/takeover of Silly Monks Entertainment has been completed. New management is likely reshaping the board, which is a standard post-takeover step. Shareholders should expect further board changes as new promoters install their own team; watch for related-party transactions and strategic direction updates in upcoming filings.