Managing Director Resigns; New MD Appointed at Aayush Art and Bullion

CEO resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

Price

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

+1.2%Reaction day

₹1163.90

prior close

₹1161.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+0.8% vs market

Other Textile Products peers, median of 182sector-0.2%+1.4% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.4 pts more than its Other Textile Products 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

+0.1

10m

+0.1

15m

+0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2+0.4+0.8-0.2+1.4

Next day

+0.4+1.8-1.3+0.3+0.1

+1.0+0.5+0.5-0.4+1.3

+1.8+0.9+0.9+0.2+1.5

+1.9+0.3+1.6-0.3+2.2

+2.9+1.4+1.4+0.0+2.9

+4.6+3.2+1.4+0.5+4.1

15d

+6.8+5.4+1.4+0.0+6.8

+9.0+6.4+2.7-1.3+10.3

+12.1+6.3+5.8-0.8+12.9

+12.8-3.6+16.4-7.3+20.1

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 182Pending

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

AI summary

Mr. Maulik Shah resigned as Managing Director of Aayush Art and Bullion citing personal reasons, effective 23 July 2026. On the same day, Mr. Mehal Bipinchandra Raval (DIN 10797136) was appointed as Additional Executive Director designated as Managing Director. Raval has over 14 years of experience in sales, marketing, business development, and team leadership in the financial services sector.

Likely market impact

Top-level leadership change. Shareholders should watch for any shift in strategic direction or governance under the new Managing Director.