Announced Sat, 27 Jun · 16:47 IST
EGM on July 22 for diversification into defence, aerospace and fund reallocation
Board & Shareholder Meetings View source PDF
Price
▲ 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
-9.4%1-day move
₹84.75
prior close
₹84.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.7—-1.2-4.0-9.4-9.3-7.1-3.4-8.6-10.9-3.5———
Up moveDown movePending
AI summary
EGM on July 22, 2026 via video conferencing to seek shareholder approval for two special resolutions: 1) altering object clause to diversify from textiles into naval defence shipbuilding, aerospace, aviation and engineering sectors. 2) Varying use of unutilised Rs 102.60 crore from a Feb 2026 preferential issue (originally Rs 198.23 crore, undersubscribed to Rs 165.34 crore). Textiles hit by US tariffs, geopolitical issues and weak orders.
Likely market impact
Major pivot from textiles to defence and aerospace. Reallocation of Rs 102.60 crore raised via preferential issue pending shareholder nod on July 22.