Announced Mon, 29 Jun · 12:13 IST
Ceigall India board reshuffle: CEO elevated, new WTD appointed, one resigns
CEIGALL · 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
+2.6%1-day move
₹382.00
prior close
₹375.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.4+0.7+0.6+2.6+2.6+0.8-4.7-6.2-3.6-10.1———
Up moveDown movePending
AI summary
Ceigall India board approved appointment of Mr. Ayyalusamy Saravanan (current CEO) as Whole-Time Director and CEO, and Dr. Pawan Kumar as Whole-Time Director, both effective July 1, 2026 for 2 years, subject to shareholder approval. Dr. Sudhir Rao Hoshing resigned as Whole-Time Director effective July 15, 2026, citing family commitments and personal reasons.
Likely market impact
Leadership transition with CEO elevation and a new WTD onboard; outgoing WTD exits for personal reasons. Shareholder approval at AGM pending.