Bhavik Bhimjyani re-appointed as Chairman and MD for 3 years

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

+5.9%Reaction day

₹33.05

prior close

₹35.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+6.3% vs market

Other Consumer Services peers, median of 22sector · industry level-0.8%+6.6% vs sector

On the reaction day the stock moved 6.3 pts more than Nifty Microcap 250 and 6.6 pts more than its Other Consumer Services 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.9-0.4+6.3-0.8+6.6

Next day

+0.4+0.2+0.3-0.5+0.9

+5.5-0.1+5.6-1.0+6.5

+5.9+0.2+5.7-1.2+7.1

+5.6+0.5+5.1-1.4+7.0

+6.2-0.4+6.6-1.1+7.3

-0.5-0.4-0.1-1.9+1.4

15d

+2.1-2.5+4.5-6.0+8.1

+1.4+0.3+1.1-2.6+4.0

-2.9-9.4+6.5-14.4+11.5

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UpDownMarket · Nifty Microcap 250Sector · Other Consumer Services peers, median of 22Pending

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

AI summary

Board re-appointed Mr. Bhavik Bhimjyani as Chairman and Managing Director for 3 years effective February 25, 2027, at Rs. 5 lakh per month. He is a promoter director since incorporation and has been MD since February 2019 with over 20 years of experience in real estate and warehousing. Filing also covers AGM on September 21, 2026 and CFO remuneration up to Rs. 28.2 lakh per annum for FY27.

Likely market impact

Leadership continuity as founder-promoter stays on for another term, generally a positive stability signal for shareholders.