Chairman and Director Madhavan Menon resigns

Kmp ResignedManagement Changes View source PDF Explain this filing

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

-0.4%Reaction day

₹173.47

prior close

₹173.92

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%-1.0% vs market

Tour Travel Related Services peers, median of 6sector+0.9%-1.3% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.3 pts less than its Tour Travel Related Services 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

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Reaction day

-0.4+0.6-1.0+0.9-1.3

Next day

-2.6+0.4-3.0+0.8-3.3

-0.6+0.8-1.3+1.1-1.7

-2.7+0.0-2.8-0.3-2.5

-3.9-0.3-3.6-1.1-2.8

-4.2-0.6-3.5-2.1-2.1

-6.1-3.8-2.4-5.2-0.9

15d

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-6.4-2.9-3.5-0.6-5.8

-11.3-1.5-9.7-0.9-10.4

-18.3-8.1-10.3-8.2-10.1

UpDownMarket · Nifty Microcap 250Sector · Tour Travel Related Services peers, median of 6Pending

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

AI summary

Madhavan Menon resigned as Non-Executive Chairman and director, effective close of business on September 17, 2025. He said the move was part of his retirement plans and that he wanted to pursue other interests. He had served the group for over 25 years, and the board, promoters and management thanked him for his contribution and guidance.

Likely market impact

His planned retirement may limit disruption, but the company now needs to manage the chairman transition and maintain leadership continuity.