Founder-Promoter Managing Director resigns from Syncom Formulations

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

SYNCOMF · price

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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

-2.5%Reaction day

₹15.28

prior close

₹15.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.6% vs market

Pharmaceuticals peers, median of 166sector-0.4%-2.1% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.1 pts less 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

Stock

+0.5

10m

-0.6

15m

-1.0

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5+0.1-2.6-0.4-2.1

Next day

-0.3+0.2-0.5-0.5+0.2

+2.1+0.6+1.5-0.6+2.7

-0.1-0.0-0.1-1.4+1.3

+1.6+0.5+1.1-0.9+2.5

+6.3+0.8+5.6-0.4+6.8

+14.5+0.6+13.9-0.9+15.3

15d

+34.8+1.3+33.6+0.0+34.8

+21.5-1.4+22.8-0.1+21.6

+46.5-0.6+47.0-2.8+49.3

—————

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 166Pending

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

AI summary

Mr. Vijay Shankarlal Bankda, Founder and Promoter, has resigned as Managing Director and Director effective August 11, 2026. He cited leadership transition and succession planning as the reason. He confirmed the resignation is voluntary with no disagreement with the Board. The Board acknowledged his contributions.

Likely market impact

Shares may react to exit of founder-promoter. Key KMP change at the top raises uncertainty around succession and strategic direction.