Announced Wed, 8 Jul · 18:43 IST

Re-appointment of two independent directors for second five-year term

Management Changes View source PDF

AMIRCHAND · price

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▲ 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
+8.0%1-day move
₹164.40
prior close
₹165.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.9+1.1+1.4+8.0+8.9+3.9+5.0+9.0+18.2
Up moveDown movePending
AI summary

The board has approved re-appointment of Mr. Gauri Shankar (former PNB MD and CEO with 39 years in banking) and Ms. Rajni (Company Secretary with 12 years in secretarial compliance) as Independent Directors for a second five-year term each, subject to shareholder approval. Mr. Gauri Shankar's new term runs July 9, 2026 to July 8, 2031 and Ms. Rajni's runs August 27, 2026 to August 26, 2031. Both have confirmed they meet the independence criteria and are not debarred by SEBI.

Likely market impact

Routine governance update. Re-appointments of independent directors ensure board continuity. Final approval needs shareholder nod at the next general meeting.