Announced Sat, 23 May · 16:32 IST

Intimation Pursuant to Reg.30 of SEBI (LODR) Reg.2015.

Kmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹156.50
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+0.4+0.1+0.4+0.3-1.4-3.8-4.2-10.4
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AI summary

Mr. Balasubramanyam Danturti has resigned as Non-Executive Independent Director of Uday Jewellery Industries Ltd effective May 21, 2026. The resignation was tendered citing personal reasons, and he has stepped down from his roles as chairman of the Stakeholders Relationship Committee and member of the Audit Committee and Nomination and Remuneration Committee. The company has expressed appreciation for his contribution during his tenure. Mr. Danturti confirmed there are no material reasons for his resignation beyond personal engagements.

Likely market impact

The departure of an Independent Director reduces board independence and could raise governance concerns for investors, though the personal reason cited and confirmed absence of material issues suggests no underlying corporate conflict.