Intimation regarding Resignation of Director

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

-1.1%Reaction day

₹9.91

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.0% vs market

Non Banking Financial Company (NBFC) peers, median of 203sector+0.0%-1.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.1 pts less 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.

Minutes after the announcementfrom the announcement price · no benchmark

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 203Pending

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AI summary

Mr. Rajinder Kumar Arora (DIN: 10797869) has resigned as an Executive Director of Smart Finsec Limited with effect from November 14, 2025. The resignation is attributed to personal reasons, and the director has confirmed there are no other material reasons for stepping down. The intimation has been filed with BSE under Regulation 30 of SEBI Listing Regulations, along with the required annexures.

Likely market impact

The departure of an Executive Director may create a short-term governance gap, but since the reason cited is personal and the company has stated no material issues, the impact on shareholders is likely to be limited. Investors should watch for any upcoming announcement regarding a replacement appointment.