MD Nikhil Gadkari appointed as MD of material subsidiary Manas Agro Industries

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

+0.3%Reaction day

₹1109.00

prior close

₹1115.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-0.8% vs market

Edible Oil peers, median of 25sector-0.7%+1.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.0 pts more than its Edible Oil 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

+0.6

10m

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15m

+0.9

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+1.0-0.8-0.7+1.0

Next day

-3.7+0.8-4.5-2.0-1.7

-8.5-0.5-8.0-2.7-5.8

-6.2-0.5-5.7-2.5-3.7

-5.1+0.8-5.8-1.3-3.8

-8.0+0.5-8.6-1.2-6.8

-10.4-2.0-8.4-4.0-6.4

15d

-22.0-6.4-15.6-7.0-15.0

-13.7-5.9-7.8-4.1-9.6

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UpDownMarket · Nifty Microcap 250Sector · Edible Oil peers, median of 25Pending

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

AI summary

CIAN Agro's existing Managing Director Mr. Nikhil Gadkari (age 40, MBA) has been appointed as Managing Director of Manas Agro Industries and Infrastructure, the company's material subsidiary, for 5 years effective October 1, 2026. He already heads the parent CIAN Agro. Shareholders of the subsidiary approved the appointment. He is not debarred by SEBI from holding directorship.

Likely market impact

Minor governance update. Existing parent MD also takes charge at material subsidiary. No change at parent company board level.