Shareholders approve re-appointment of Karan Bhojwani as Whole-time Director

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

+3.7%Reaction day

₹245.15

prior close

₹242.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+2.1% vs market

Plastic Products - Industrial peers, median of 45sector+0.0%+3.7% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.7 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.7+1.6+2.1+0.0+3.7

Next day

+2.8+1.5+1.3+1.2+1.5

+3.0+1.9+1.1+0.4+2.6

+1.8+3.2-1.4+1.7+0.1

-1.9+1.7-3.6+0.8-2.7

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+1.2+1.4-0.2-1.2+2.4

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-13.9-0.8-13.1-2.3-11.6

-18.9-2.5-16.4-2.5-16.4

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 45Pending

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

AI summary

Shareholders at the 79th AGM on 18 Sept 2026 approved re-appointment of Mr. Karan Bhojwani as Whole-time Director for 5 years, effective 1 April 2027 to 31 March 2032. He has been with the company since 2003 and holds a Business Management degree from Bryant College, USA. He is the son of Chairman and MD Mr. Suresh Bhojwani and Whole-time Director Mrs. Devika Bhojwani. He is not debarred by SEBI or any other authority.

Likely market impact

Leadership continuity confirmed with promoter family retaining board control. Neutral for shareholders, signaling stability rather than change.