Announced Wed, 1 Jul · 11:56 IST
Desco Infratech: New independent director in, one resigns
Management Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹222.00
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.3-4.7-5.9-7.2-11.7-7.2-16.4———
Up moveDown movePending
AI summary
Desco Infratech has appointed Mr. Shailesh Naik as an Additional Non-Executive Independent Director. At the same time, Mr. Yash Gurnani has stepped down from the post of Independent Director. The board has been reconstituted accordingly. The change is a like-for-like swap of one independent director with another.
Likely market impact
Routine board reshuffle with no change in control or strategy. Neutral for shareholders in the near term.