Independent Director appointed at US subsidiary CG-VAK Software USA Inc

Management Changes View source PDF Explain this filing

CGVAK · price

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

+1.9%Reaction day

₹134.50

prior close

₹134.00

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

-2.2

10m

-2.2

15m

-2.2

30m

+3.0

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

CG-VAK Software and Exports has appointed Mr. S. Muthukumar (DIN: 00758407) as an Independent Director on the board of its wholly owned US subsidiary, CG-VAK Software USA Inc, effective 14 October 2026. Muthukumar holds an Engineering degree and an MBA, with over 30 years of experience running warehousing businesses, covering general management, finance, accounting and logistics. He is not related to any director of the company or its subsidiary and is not debarred by SEBI from holding a director position.

Likely market impact

Minor governance update; strengthens the board of the US subsidiary with experienced independent oversight, but unlikely to materially move the stock.