Statutory Auditor Re-appointed for Second 5-Year Term

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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

-4.9%Reaction day

₹3.70

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-4.9% vs market

Paper & Paper Products peers, median of 39sector+0.0%-4.9% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.9 pts less than its Paper & Paper 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.9+0.0-4.9+0.0-4.9

Next day

-5.4+1.3-6.7-0.4-5.0

-10.0+1.1-11.1-1.3-8.7

-10.0-1.7-8.3-2.4-7.6

-9.5-1.4-8.0-3.0-6.4

-11.9-0.6-11.3-0.7-11.2

-15.7+0.3-16.0+0.7-16.4

15d

-16.2-6.1-10.1-3.4-12.8

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 39Pending

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

AI summary

Shareholders at the 41st AGM on Sep 30, 2026 approved the re-appointment of M/s. Baid Agarwal Singhi and Co., Chartered Accountants as Statutory Auditor for a second 5-year term, running until the 46th AGM in FY 2030-31. This is a routine continuity decision at the AGM, not driven by any mid-term resignation.

Likely market impact

Routine continuity; same audit firm retained. No governance red flags.