Announced Wed, 14 Oct, 2026 · 19:41 IST

Non-Executive Director Naresh Mehta resigns citing retirement

Management Changes View source PDF Explain this filing

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

+1.0%Reaction day

₹61.14

prior close

₹61.75

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+2.7% vs market

Plastic Products - Industrial peers, median of 43sector-0.2%+1.2% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 1.2 pts more than its Plastic Products - Industrial 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

+3.3

10m

+1.8

15m

+1.8

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-1.6+2.7-0.2+1.2

Next day

-0.2-1.0+0.7-0.3+0.1

+0.3-2.6+3.0-1.8+2.2

-4.3-5.1+0.8-4.5+0.1

-0.7-6.1+5.4-4.0+3.3

+0.4-8.3+8.7-6.1+6.5

-3.5-6.4+2.9-4.9+1.4

15d

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 43Pending

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

AI summary

Mr. Naresh Ramniklal Mehta, Non-Executive Non-Independent Director of Texel Industries, resigned from the Board effective close of business on 14 October 2026. He cited personal and professional reasons, mentioning he is entering retirement after more than 40 years in the plastics and manufacturing industry and plans to mentor students. He also stepped down as a member of the Nomination and Remuneration Committee. No replacement director has been named in this filing.

Likely market impact

Low impact - planned retirement exit; company will need to fill this non-executive director seat to maintain board composition norms.