Demise of an Independent Director of the Company

Director Flagged GovernanceManagement Changes View source PDF Explain this filing

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

-7.7%Reaction day

₹109.46

prior close

₹106.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-7.2% vs market

Stockbroking & Allied peers, median of 37sector-0.8%-6.9% vs sector

On the reaction day the stock moved 7.2 pts less than Nifty Microcap 250 and 6.9 pts less than its Stockbroking & Allied 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

+0.0

10m

-2.8

15m

-2.8

30m

-2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.7-0.6-7.2-0.8-6.9

Next day

-8.6+0.5-9.1+0.4-9.1

-5.0+1.8-6.8+0.0-5.0

-5.1+1.6-6.6+0.0-5.1

-8.7+0.1-8.9-1.9-6.8

-11.8+2.5-14.4-1.1-10.8

-12.3+2.4-14.7-1.5-10.7

15d

+2.3+1.9+0.4-3.2+5.5

-9.6+2.1-11.7-3.4-6.1

+3.2+12.5-9.2+2.0+1.3

+8.7+12.0-3.3+1.1+7.6

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 37Pending

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

AI summary

SKP Securities Ltd has announced the death of Prof. Santanu Ray (DIN: 00642736), Independent Director and Chairman of the Audit Committee, effective April 18, 2026. The company described the event as a sudden and unexpected passing, calling it an irreparable loss. Prof. Ray served as an Independent Director on the board. The filing was made under Regulation 30 of the SEBI LODR Regulations, 2015. The company will need to appoint a replacement to fill the vacancy on the board and reconstitute the Audit Committee.

Likely market impact

The passing of the Audit Committee Chairman creates a governance gap that requires immediate board action to appoint a new independent director and reconstitute the committee, which may cause short-term uncertainty for investors.