Siddhartha Sikchi proposed as Managing Director from April 2026

Management Changes View source PDF Explain this filing

CLEAN · price

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

-0.2%Reaction day

₹985.50

prior close

₹969.60

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.5%+1.3% vs market

Specialty Chemicals peers, median of 83sector-1.4%+1.3% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Smallcap 250 and 1.3 pts more than its Specialty Chemicals 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

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10m

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15m

+1.4

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-1.5+1.3-1.4+1.3

Next day

-5.1-1.7-3.4-1.6-3.5

-4.9-1.7-3.1-2.7-2.1

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-4.2-1.2-3.1-1.6-2.6

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-5.1-0.7-4.4-3.7-1.5

15d

-6.8-3.2-3.6-6.9+0.1

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-12.1-3.1-9.1-11.6-0.5

-19.2-8.4-10.8-14.2-5.1

UpDownMarket · Nifty Smallcap 250Sector · Specialty Chemicals peers, median of 83Pending

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

AI summary

The board has proposed redesignating promoter Siddhartha Ashok Sikchi from Whole Time Director to Managing Director for 1 April 2026 to 31 March 2031, subject to shareholder approval. Ashok Boob would become executive vice chairman.

Likely market impact

Clarifies future leadership, but the change is not final until shareholders approve it and may have limited immediate effect on operations or the stock.