Intimation on Resignation of Whole Time Director

Kmp ResignedManagement Changes View source PDF Explain this filing

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+0.4%Reaction day

₹40.60

prior close

₹41.41

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+1.8% vs market

Iron & Steel Products peers, median of 98sector-1.3%+1.7% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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AI summary

Mr. S Chandrasekaran has resigned from the position of Whole Time Director on the Board of Tulsyan NEC Limited with effect from 8th May 2026. The resignation has been submitted citing personal and unavoidable circumstances. The company has confirmed that Mr. Chandrasekaran has confirmed there are no material reasons behind his resignation other than those stated in his letter. The resignation is effective immediately, and the company has submitted this intimation to BSE under SEBI Listing Regulations. Mr. Chandrasekaran was holding DIN 10207445 as Whole Time Director.

Likely market impact

The departure of a Whole Time Director (a Key Managerial Personnel) creates a vacancy at the senior management level. Investors should monitor for replacement appointments, as this reduces board oversight capacity in the near term. The explicit confirmation of no material issues may provide some comfort.