Planned Head of IT and Digital appointment lapses before joining

Management Changes View source PDF Explain this filing

ASAL · price

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

+0.1%Reaction day

₹450.50

prior close

₹450.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.7%-1.6% vs market

Auto Components & Equipments peers, median of 124sector+1.6%-1.5% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.5 pts less than its Auto Components & Equipments 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

-0.1

10m

+1.2

15m

+0.8

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+1.7-1.6+1.6-1.5

Next day

-0.6pendingpending+2.0-2.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 124Pending

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

AI summary

On October 26, 2026, the company said Prafullkumar Hulsure withdrew from the candidature for Head of IT and Digital. His appointment, disclosed on October 23, and its terms will therefore not take effect.

Likely market impact

The proposed appointment will have no effect on the company, and there is no departure of its CEO, CFO or any director.