Announced Thu, 4 Sept · 11:44 IST

The Outcome of Board Meeting is enclosed.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ashapuri Gold Ornament Ltd's Board of Directors, at a meeting held on 4th September 2025, approved a proposal to apply for direct listing of the company on the main board of the National Stock Exchange of India (NSE). The company is currently listed on BSE (Scrip Code: 542579). The board also approved a revised notice for the 17th Annual General Meeting, where shareholders will need to approve the NSE listing proposal. The board meeting lasted from 11:00 AM to 11:30 AM IST.

Likely market impact

If shareholder approval is granted and NSE listing is achieved, trading volumes and visibility could improve due to NSE's larger retail investor base, which may be positive for liquidity. However, the proposal still requires AGM approval and NSE's in-principle nod, so outcome remains uncertain for now.