Additional detail required for corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015

Multiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

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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

+2.0%Reaction day

₹134.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.5% vs market

Pharmaceuticals peers, median of 150sector+0.3%+1.6% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.6 pts more than its Pharmaceuticals 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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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+0.4+1.5+0.3+1.6

Next day

-0.0-2.3+2.2-2.7+2.6

-2.0-2.3+0.3-2.4+0.4

-2.0-2.4+0.4-3.0+1.0

-2.0-4.5+2.5-4.1+2.1

-4.0-4.6+0.7-4.4+0.4

-9.3-5.8-3.5-5.7-3.6

15d

-1.6+4.0-5.5-0.3-1.2

+9.0+6.1+2.9+0.3+8.7

-10.5+6.7-17.2-0.9-9.6

-1.8+11.4-13.2+4.5-6.3

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 150Pending

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

AI summary

Chemo Pharma Laboratories Limited has informed the BSE that three Non-Executive Independent Directors — Mathura Prasad Sharma, Toby Antony, and Nandkumar Pareek — resigned from the board with effect from April 16, 2025. The company stated the reason for their resignation is the open offer made by the acquirer M/s Atibha Agriseeds Private Limited. The directors have confirmed they do not hold directorship in any other listed company. The company clarified there is no other reason for their exit. The communication was signed by Director Ashok Somani.

Likely market impact

The exit of all three independent directors at once weakens board independence and signals a major change in ownership/control via the open offer. Shareholders should watch for new appointments and any impact on governance, though the resignations appear linked to the takeover rather than internal issues.