Announced Thu, 26 Mar · 16:51 IST

In timation of Postal Ballot & Cut -off date Specified in the attached Disclosure in Item No. 4 & 5.

Management Changes View source PDF

Price

Loading chart…

▲ 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
-7.4%1-day move
₹9.67
prior close
₹9.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+6.4+5.9+5.9+5.9-7.4-2.9-4.3-1.0-1.1+2.2+13.5+9.4+5.5-6.1
Up moveDown movePending
AI summary

The board of Asian Tea & Exports Ltd held a meeting on March 26, 2026 and approved several items. Mr. Kuldeepak Bansal (DIN: 05270419) was appointed as Additional Director (Non-Executive & Independent) for a five-year term, subject to shareholder approval. The board also accepted the resignation of Mr. Manish Jajodia (DIN: 02945372) as Non-Executive Independent Director, effective the close of business hours on March 26, 2026. A postal ballot notice was approved to seek shareholder approval for the new appointment, with March 27, 2026 fixed as the cut-off date for determining eligible shareholders. The Nomination and Remuneration Committee was reconstituted, CS Puja Pujari was appointed as Scrutinizer, and NSDL was roped in to provide the e-voting platform.

Likely market impact

This is a routine independent director transition — one independent director stepping down and another being appointed to fill the seat. Shareholders will get to vote on the new appointment via postal ballot. No material impact on the stock is expected.