A2Z Maintenance dips after Rakesh Jhunjhunwala resigns as director

A2Z Maintenance & Engineering Services has dipped 5% to Rs 67.50 after Rakesh Jhunjhunwala has resigned from directorship of the company.

“Mr Rakesh Radheyshyam Jhunjhunwala has resigned from directorship of the company w.e.f. October 15, 2012,” the company said in a filing to the stock exchanges.

As on June 30, Rakesh Jhunjhunwala along with his wife Rekha Jhunjhunwala held 22.68% stake in the company, the stock exchange data shows.

The stock opened at Rs 70.60 and hit a low of Rs 67.10 on the BSE. A combined 988,611 shares have changed hands on the counter so far on both the exchanges.