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ZENITHEXPONSEZenith Exports Limited· Consumer DurablesHighNegative
Announced Fri, 6 Mar, 2026 · 17:44 IST

Zenith Exports Limited has informed the Exchange regarding Cessation of Mr. Sanjay Kumar Shaw (DIN: 08507089), as Non- Executive Independent Director of the company w.e.f. March 06, 2026.

ZENITHEXPO · 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
-6.7%Reaction day
₹195.00
prior close
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Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-4.0% vs market
Leather And Leather Products peers, median of 9sector-5.0%-1.7% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 1.7 pts less than its Leather And Leather Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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

AI summary

Mr. Sanjay Kumar Shaw (DIN: 08507089), a Non-Executive Independent Director of Zenith Exports Limited, has ceased to be on the board with effect from March 06, 2026, due to his sudden and unexpected demise. He had been associated with the company since August 12, 2019, serving on the Board and various committees. The company has expressed deep condolences to his family. The cessation has been disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Likely market impact

This is a sorrowful governance event rather than a strategic change. The company will need to fill the vacant independent director position to comply with SEBI's board composition requirements, which may take some time. No material impact on operations or stock price is expected from this news.