Anjan Roy appointed Chairman, MD and CEO; Laxmiraj Nayak resigns

Kmp ResignedManagement Changes View source PDF Explain this filing

YAAP · price

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Price reactionminutes from the announcement price · days from the prior close

+11.9%Reaction day

₹97.30

prior close

₹104.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+11.2% vs market

On the reaction day the stock moved 11.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+11.9+0.7+11.2

Next day

+8.4-1.0+9.4

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+2.8-1.9+4.7

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AI summary

Yaap Digital's board on October 14, 2026 accepted the resignation of Mr Laxmiraj Nayak as Chairman and MD (effective October 9) and appointed Mr Anjan Roy as Chairman, Managing Director and CEO for three years, subject to shareholder approval. Mr Roy is an existing Senior Partner at the company since 2016 and is not related to any director. Board committees were reconstituted and a new IT policy was approved.

Likely market impact

Smooth internal succession at the top. Anjan Roy, already a senior partner, takes over as Chairman, MD and CEO. Needs shareholder nod.