Promoter Vipul Haria re-appointed as MD for three more years

Management Changes View source PDF Explain this filing

AAKASH · 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

-0.2%Reaction day

₹8.75

prior close

₹8.73

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.0% vs market

Oil peers, median of 16sector · industry level+0.3%-0.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts less than its Oil 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

+2.6

10m

+2.3

15m

+2.1

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-0.2+0.0+0.3-0.5

Next day

-0.1+0.1-0.2+0.6-0.7

+0.5+0.4+0.1-1.0+1.5

-0.6-0.6+0.0+0.0-0.6

-0.3-1.2+0.8+2.5-2.8

+0.3-0.6+0.9+3.4-3.0

-1.5+0.5-2.0+7.4-8.9

15d

+1.1-0.2+1.4+3.2-2.0

+0.5-1.5+1.9+3.0-2.6

-7.5-8.0+0.4-9.1+1.5

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UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 16Pending

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

AI summary

Board on 26 August 2026 approved re-appointment of Mr Vipul Navinbhai Haria as Managing Director for three years effective 14 December 2026. He is a promoter with rich experience in oil and gas and is related to CFO Hemang Haria and WTD Vihan Haria already on the board. Re-appointment is subject to shareholder approval. Board also cleared the Directors Report for FY ended 31 March 2026. Vipul Haria has not been debarred by SEBI or any authority.

Likely market impact

Re-appointment of promoter MD signals leadership continuity; needs shareholder approval at the next general meeting.