Announced Thu, 13 Aug · 17:08 IST
Founder-Promoter Managing Director resigns from Syncom Formulations
SYNCOMF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹15.28
prior close
₹15.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5-0.6-1.0-2.1-0.3+2.1-0.1+1.6+6.3+14.5+34.8———
Up moveDown movePending
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.