Two Independent Directors and Company Secretary resign

Multiple Ind Directors ResignedKmp ResignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

+0.0%Reaction day

₹2.80

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-0.0% vs market

Industrial Products peers, median of 135sector-0.6%+0.6% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.6 pts more than its Industrial Products 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.0-0.0-0.6+0.6

Next day

+0.7+1.3-0.6+0.6+0.1

+2.9+1.1+1.8+0.4+2.5

-2.9-1.7-1.1-1.9-1.0

-1.1-1.4+0.4-1.5+0.4

-3.6-0.6-3.0-1.4-2.2

+5.0+0.3+4.7-1.0+6.0

15d

-3.6pendingpending-6.6+3.0

—————

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 135Pending

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

AI summary

Two Independent Directors (Mr. Ankitkumar Agrawal and Ms. Nidhi Bansal) and the Company Secretary and Compliance Officer (Mr. Mrugesh Vyas) resigned effective 01 October 2026. Directors cited professional commitments and pre-occupation; CS cited alternate career opportunities. All confirmed no other material reasons.

Likely market impact

Multiple board-level exits on the same day may raise governance concerns until replacements are appointed. Watch for successor announcements.