Mayur Uniquoters accepts resignation of GM Marketing Ashutosh Pandey

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Mayur Uniquoters accepted Ashutosh Pandey's resignation as General Manager- Marketing
  • Pandey was designated as Senior Management Personnel (SMP)
  • Resignation effective from close of business hours on October 9, 2026
  • Departure attributed to personal reasons and other career opportunities
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Mayur Uniquoters Limited accepted the resignation of Ashutosh Pandey, General Manager- Marketing, effective close of business hours on October 9, 2026. Pandey was designated as Senior Management Personnel (SMP) of the artificial leather manufacturer.

The company filed an intimation with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing cites personal reasons and the pursuit of other career opportunities outside the organization as the basis for the departure.

Cessation details

Pandey was relieved from his duties immediately upon the acceptance of his resignation letter. The company enclosed the formal resignation letter and required disclosure details in Annexures I and II of the filing. Kapil Arora, Company Secretary and Compliance Officer, signed the digital intimation on October 9, 2026.

Particulars Details
Name Ashutosh Pandey
Designation General Manager- Marketing (SMP)
Reason for change Resignation due to personal reasons and other career opportunities
Date of cessation October 9, 2026

Regulatory compliance

The disclosure complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company stated that the intimation is also available on its official website.

Historical Stock Returns for Mayur Uniquoters

1 Day5 Days1 Month6 Months1 Year5 Years
+5.13%+10.80%+6.46%+38.73%+57.89%+66.89%

Who has been appointed as the interim or permanent successor to lead Mayur Uniquoters' marketing division?

How might this leadership change impact Mayur Uniquoters' upcoming product launch timelines and market expansion strategies?

Are there any indications that Ashutosh Pandey's move signals a broader talent migration trend within the artificial leather sector?

Mayur Uniquoters promoter Kiran Poddar acquires 1,000 shares

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Kiran Poddar acquired 1,000 equity shares on September 29, 2026
  • Total promoter holding rises to 25,548,433 shares (58.80%)
  • Cumulative purchase by Kiran Poddar reaches 9,000 shares since September 25
  • Acquisition executed through open market under SAST Regulation 29(2)
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*this image is generated using AI for illustrative purposes only.

Mayur Uniquoters Limited promoter Kiran Poddar acquired 1,000 equity shares of the company on September 29, 2026, through the open market. This transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This acquisition follows a purchase of 2,000 shares made on September 28, 2026, and a prior purchase of 6,000 shares on September 25, 2026. Following the latest purchase, the total holding of the promoter and promoter group stands at 25,548,433 shares, constituting 58.80% of the company's total voting capital.

Transaction Details

The disclosure highlights that the acquisition was executed via the stock exchange in the open market. The face value of each equity share is ₹5. The total equity share capital of the company remains unchanged at ₹21,72,63,000, divided into 4,34,52,600 equity shares.

Metric Before Acquisition After Acquisition
Total Promoter Holding (Shares) 25,547,433 25,548,433
Total Promoter Holding (%) 58.79% 58.80%
Kiran Poddar's Holding (Shares) 92,727 93,727
Kiran Poddar's Holding (%) 0.213% 0.216%

Promoter Group Composition

The promoter group comprises several individuals, with Suresh Kumar Poddar holding the largest stake. The detailed breakdown of holdings before and after the transaction is as follows:

  • Suresh Kumar Poddar: Holds 17,582,126 shares (40.46%).
  • Manav Poddar: Holds 6,859,158 shares (15.79%).
  • Puja Poddar: Holds 678,163 shares (1.56%).
  • Arun Bagaria: Holds 332,645 shares (0.77%).
  • Dolly Bagaria: Holds 2,614 shares (0.01%).
  • Kiran Poddar: Increased holding to 93,727 shares (0.216%).

What the Numbers Show

The recent acquisitions by Kiran Poddar represent a cumulative addition of 9,000 shares over five days (September 25 to September 29). While the absolute number of shares purchased remains small relative to the total capital, the consecutive disclosures indicate active participation by this specific promoter entity in the open market. The overall promoter holding increased marginally from 25,547,433 to 25,548,433 shares, maintaining the control structure at approximately 58.80%.

Historical Stock Returns for Mayur Uniquoters

1 Day5 Days1 Month6 Months1 Year5 Years
+5.13%+10.80%+6.46%+38.73%+57.89%+66.89%

How might the consecutive open market purchases by Kiran Poddar influence retail investor sentiment and trading volume for Mayur Uniquoters in the coming weeks?

Could this incremental accumulation signal a broader strategic move by the promoter group to consolidate control ahead of potential corporate actions or divestments?

What impact will the marginal increase in promoter holding have on the company's free float and its eligibility for inclusion in major equity indices?

More News on Mayur Uniquoters

1 Year Returns:+57.89%