Board meeting outcome: committees reconstituted and US subsidiary director appointed

Management Changes View source PDF Explain this filing

CGVAK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.9%Reaction day

₹134.50

prior close

₹138.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+1.1% vs market

Computers - Software & Consulting peers, median of 64sector+0.5%+1.3% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.3 pts more than its Computers - Software & Consulting 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

-2.9

10m

-5.0

15m

-5.0

30m

-5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.7+1.1+0.5+1.3

Next day

+2.6-1.0+3.6+0.8+1.8

+1.9-0.3+2.1+2.6-0.8

+2.4-1.9+4.3+0.6+1.7

+1.5-4.5+6.0+0.3+1.1

+2.6-5.5+8.1-1.3+3.9

+1.4-7.3+8.7-3.7+5.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 64Pending

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

AI summary

Board of CG-VAK met on 14 Oct 2026 from 11 AM to 1 PM. It reconstituted three committees - Audit, Nomination and Remuneration, and Investors Grievance - with the same four members led by S. Muthukumar as Chairman, along with A. Sankar, Mani Ravindran and Vasudevan Kidambi. It also appointed S. Muthukumar as Independent Director on wholly-owned US subsidiary CG-VAK Software USA Inc.

Likely market impact

Routine governance reshuffle and a subsidiary-level appointment. No material financial impact for shareholders expected.