Credo Brands re-appoints Kamal Khushlani as Chairman and MD for 5 years

Management Changes View source PDF Explain this filing

MUFTI · 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

-0.4%Reaction day

₹72.57

prior close

₹73.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%+2.8% vs market

Speciality Retail peers, median of 17sector-2.6%+2.2% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.2 pts more than its Speciality Retail 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

+0.2

10m

+0.2

15m

+0.0

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-3.3+2.8-2.6+2.2

Next day

-0.2-3.4+3.2-3.2+3.0

+3.3-2.6+5.9-2.0+5.3

+1.7-1.0+2.7-1.8+3.4

+1.0-1.2+2.2-2.9+3.9

+1.3-0.7+2.0-2.8+4.1

+0.3-1.0+1.3-3.3+3.6

15d

-3.8-1.7-2.1-6.8+3.0

-6.0-4.1-1.9-9.0+3.0

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UpDownMarket · Nifty Microcap 250Sector · Speciality Retail peers, median of 17Pending

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

AI summary

Shareholders at Credo Brands 27th AGM approved the re-appointment of promoter Mr. Kamal Khushlani as Chairman and Managing Director for 5 years, effective March 8, 2027 to March 7, 2032. He has over 34 years in the apparel industry and founded the Mufti brand in 1998. The appointment was based on recommendations of the Nomination and Remuneration Committee and the Board.

Likely market impact

Founder-promoter continues at the helm for 5 more years, giving leadership continuity and strategic stability for the Mufti brand.