CFO Deepak Nagvekar appointed as Whole-time Director

Management Changes View source PDF Explain this filing

DENORA · price

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

+0.1%Reaction day

₹820.40

prior close

₹820.45

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.3% vs market

Electrodes & Refractories peers, median of 10sector-0.2%+0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.3 pts more than its Electrodes & Refractories 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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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.1+0.4-0.3-0.2+0.3

Next day

+7.8-0.4+8.1-0.6+8.3

+6.0-0.7+6.7-1.2+7.2

+3.9-1.0+4.9-1.6+5.4

+4.9-2.1+6.9-2.3+7.1

+1.9-4.2+6.1-3.0+4.9

+1.2-5.3+6.5-3.3+4.4

15d

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-15.3-7.6-7.7-3.6-11.7

UpDownMarket · Nifty Microcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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

AI summary

The board appointed existing CFO Deepak Nagvekar as an Additional Director in the Whole-time Director category from September 18, 2025. His three-year term runs through September 17, 2028, subject to shareholder approval. He joined the company in 2007 and has over 25 years of finance experience.

Likely market impact

The existing CFO gains board representation, supporting financial oversight and management continuity. Shareholder approval is still required.