MD Ram Gopal Jindal ceases as MD, continues as Executive Director

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

-6.1%Reaction day

₹0.33

prior close

₹0.33

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-5.8% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.0%-6.1% vs sector

On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 6.1 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

Stock

+0.0

10m

+0.0

15m

+0.0

30m

-3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.1-0.3-5.8+0.0-6.1

Next day

-3.0-1.5-1.5-0.4-2.7

-6.1-1.5-4.5-0.4-5.7

-6.1-0.2-5.8-0.8-5.3

-6.1-0.5-5.6-0.4-5.6

-9.1-3.2-5.9-1.9-7.2

-6.1-2.2-3.9-1.4-4.7

15d

-12.1-9.5-2.7-5.2-6.9

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

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

AI summary

Mr. Ram Gopal Jindal stepped down as Managing Director of Standard Capital Markets with effect from September 29, 2026, based on his resignation letter dated September 5, 2026. He will continue serving on the board as an Executive Director, so the company retains his experience. The reasons for his exit from the MD role were disclosed earlier to the stock exchange under a separate letter dated September 5, 2026.

Likely market impact

Leadership change is partial. Mr. Jindal stays on the board as Executive Director, so limited immediate disruption to operations is expected.