Vadilal Industries: Independent Director Shivakumar Dega resigns

Management Changes View source PDF Explain this filing

VADILALIND · price

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▲ 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

-3.1%Reaction day

₹5039.80

prior close

₹5065.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-3.4% vs market

Dairy Products peers, median of 10sector+0.2%-3.3% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.3 pts less than its Dairy 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

-2.0

10m

-2.9

15m

-3.6

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1+0.3-3.4+0.2-3.3

Next day

-2.8-1.1-1.6-2.2-0.6

-3.7-1.3-2.4-2.5-1.1

-3.8-1.1-2.6-4.6+0.9

-3.6-2.4-1.2-6.9+3.3

-3.1-2.2-0.9-7.2+4.2

-2.2-3.0+0.9-5.2+3.0

15d

-2.4-7.5+5.1-8.9+6.5

-7.1-7.4+0.3-10.3+3.2

-10.1+1.9-12.0-0.1-10.0

-17.9+3.6-21.5-2.9-15.1

UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 10Pending

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

AI summary

Mr. Shivakumar Dega has resigned as Independent Director and Chairman of Vadilal Industries, effective February 17, 2026. The company will submit further disclosures under SEBI LODR regulations within the prescribed timeline. No reasons for the resignation have been mentioned in this intimation.

Likely market impact

Single independent director exit with no stated reason; limited immediate impact, but watch for follow-up disclosures and board reconstitution.