Announced Wed, 24 Jun · 12:46 IST
MD re-appointed for 5 years; board approves draft for proposed Right Issue
Management Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹330.30
prior close
₹330.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+6.2+7.5+10.3+17.8+16.2+15.2-4.0+1.1——
Up moveDown movePending
AI summary
Board approved re-appointment of Mr. Sureshkumar Jain as Managing Director for another 5-year term from June 24, 2026 to June 23, 2031, subject to shareholder approval. He is not debarred by any regulator. The board also approved the draft Letter of Offer and appointed intermediaries for a proposed Rights Issue, as previously disclosed on May 27, 2026.
Likely market impact
Leadership continuity at the top. The proposed Rights Issue may raise capital but could dilute existing shareholders once terms are finalised.