Complete board overhaul after takeover; new MD and CFO appointed

Cfo ResignedMultiple Ind Directors ResignedCeo Appointed ExternalManagement Changes View source PDF Explain this filing

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

₹5.30

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+4.5% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-1.9%+3.8% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 3.8 pts more than its Non Banking Financial Company (NBFC) 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9-2.6+4.5-1.9+3.8

Next day

+3.8-3.6+7.4-2.1+5.9

+5.8-5.8+11.7-3.8+9.6

+11.1-5.5+16.6-4.4+15.6

+16.6pendingpending-3.2+19.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

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

AI summary

Following completion of open offer takeover, old board resigned including MD Ashwani Kumar Gupta, CFO Prakash Chand Sharma, and 3 other directors. New board appointed with Manoj Agrawal as MD and Amit Kumar Saraogi as CFO. Authorised capital increased from Rs. 29.51 crore to Rs. 47.51 crore. Borrowing limit raised to Rs. 200 crore.

Likely market impact

New management takes full control post-takeover. Significant capital structure change signals aggressive growth plans. Watch for further strategic updates.