AGM approves executive director Umang Agarwal and director pay revision

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

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

+2.5%Reaction day

₹146.30

prior close

₹149.25

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+2.5% vs market

Other Construction Materials peers, median of 18sector-0.3%+2.9% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.9 pts more than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.5+0.0+2.5-0.3+2.9

Next day

+7.3+1.3+6.0+0.6+6.7

+7.3+1.1+6.2-0.1+7.4

+2.0-1.7+3.7-3.5+5.5

+0.5-1.4+1.9-3.8+4.3

+2.5-0.6+3.1-3.6+6.1

+6.5+0.3+6.2+0.0+6.5

15d

+10.7-6.1+16.8-6.5+17.3

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UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 18Pending

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

AI summary

Shareholders at the 56th AGM held 30 Sept 2026 approved two items: appointment of Mr. Umang Agarwal (DIN 01471894) as Executive Director for 5 years (till 30 Sept 2031), and revision in overall managerial remuneration for directors. Mr. Umang Agarwal is related to Managing Director Arun Agarwal and Mr. Sharad Agarwal.

Likely market impact

Family member joining as Executive Director reinforces promoter control. Pay hike for directors may draw governance scrutiny from minority holders.