Announced Wed, 17 Jun · 20:52 IST
Board approves delayed results, new statutory auditor, director rotation change
Management Changes View source PDF
ANSALAPI · 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
-3.6%1-day move
₹3.29
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.6-5.5-7.3-9.1—-12.2-23.1-14.0——
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AI summary
Board approved multiple delayed financial results from Q3 FY24-25 through Q3 FY25-26. Company is under Corporate Insolvency Resolution Process, now limited to Lucknow and Rajasthan projects. Appointed MRKS and Associates as statutory auditors for 5 years from 58th AGM. Changed Director Kanta Devi's rotation status to liable to retire by rotation. Noted SOP fine for late filing. No dividend for FY25.
Likely market impact
CIRP status, delayed results, SOP fine, and no dividend signal serious financial distress and governance concerns for shareholders.