Baskar Subramanian recommended for five-year CEO re-appointment

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AMAGI · price

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

+2.6%Reaction day

₹639.40

prior close

₹687.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+2.4% vs market

IT Enabled Services peers, median of 73sector-0.3%+2.9% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.9 pts more than its IT Enabled Services 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.6+0.2+2.4-0.3+2.9

Next day

-5.7+0.2-6.0-0.4-5.3

-9.1+0.4-9.5-0.9-8.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 73Pending

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

AI summary

On August 13, 2026, the board approved and recommended promoter Baskar Subramanian for a new five-year term as Managing Director and CEO, from December 1, 2026 to November 30, 2031, subject to shareholder approval. It also approved quarterly results: consolidated operating revenue was Rs 4,368.78 million and profit was Rs 339.05 million, against Rs 3,300.61 million and Rs 39.41 million a year earlier.

Likely market impact

Leadership continuity is broadly neutral. Remuneration needs shareholder approval, with no immediate change to issued capital or shareholder rights.