Madhavan Menon resigns as Chairman and Director

Management 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

₹174.21

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

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

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

-12.6-2.9-9.7-2.7-10.0

-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 with effect from the close of business on September 17, 2025. He cited retirement plans after contributing to the company for more than 25 years. The filing does not name a successor.

Likely market impact

The company faces a senior leadership transition, which may create some short-term governance uncertainty. No financial impact was disclosed.