AGM minutes filed: MD change from Hariram Garg to Sunil Garg

Board & Shareholder Meetings View source PDF Explain this filing

ASIANTNE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.7%Reaction day

₹9.16

prior close

₹9.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+1.0% vs market

Trading & Distributors peers, median of 134sector+0.0%-0.7% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.7 pts less than its Trading & Distributors 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

+0.4

10m

+0.4

15m

+0.4

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-1.6+1.0+0.0-0.7

Next day

-0.7-1.0+0.3+0.0-0.7

-6.1-2.6-3.5-1.0-5.1

-5.3-5.1-0.2-2.0-3.4

-2.1-6.1+4.0-3.6+1.5

-7.8-8.3+0.5-5.3-2.4

-3.9pendingpending-4.8+0.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 134Pending

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

AI summary

Asian Tea filed 40th AGM minutes held 28 Sep 2026 via video call with 48 members present. All 5 resolutions passed with 99.9997 percent approval. Key change: Mr. Hariram Garg stepped down as Managing Director due to health, continues as Chairman and Non-Executive Director. Mr. Sunil Garg appointed as new Managing Director for 5 years, without salary. Mrs. Rama Garg re-appointed as Director and Mr. Akhil Kumar Manglik re-appointed as Independent Director for 5 years. No audit qualifications.

Likely market impact

Leadership transition due to health. Hariram Garg becomes Non-Executive Chairman; Sunil Garg takes over as MD with no salary. All resolutions passed with near-unanimous support.