Revised intimation of Resignation of Senior Managerial Personnel as per email received from BSE Limited dated 06-10-2025

Kmp ResignedManagement Changes View source PDF Explain this filing

SURAJEST · price

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

-1.3%Reaction day

₹282.40

prior close

₹282.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.0% vs market

Residential Commercial Projects peers, median of 60sector+0.2%-1.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.5 pts less than its Residential Commercial Projects 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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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

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

AI summary

Suraj Estate Developers has submitted a revised intimation to BSE regarding the resignation of Ms. Palak Dani, who served as Chief Marketing Officer and Senior Managerial Personnel of the company. The resignation was tendered due to personal reasons and is effective from the close of business on September 12, 2025. This is a corrected version of an earlier announcement made on the same date, with the company having now attached the resignation letter and additional details as requested by BSE. The company has apologized for the inadvertent omission and assured steps to prevent recurrence. The communication is signed by Chairman & Managing Director Rajan Meenathakonil Thomas.

Likely market impact

This is a routine KMP-level exit driven by personal reasons rather than governance or performance issues, so it is unlikely to have a material impact on the stock. Investors may watch for any near-term changes in the company's marketing leadership or strategy.