Postal ballot seeks approval for Divakar Sanamandra as MD and CEO

Management Changes View source PDF Explain this filing

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

+4.6%Reaction day

₹619.50

prior close

₹624.60

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+4.4% vs market

Services peers, median of 313sector · sector level-0.1%+4.7% vs sector

On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.7 pts more than its Services 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

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30m

+1.3

Sessions after the filingfrom the prior close

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Reaction day

+4.6+0.2+4.4-0.1+4.7

Next day

+21.6+0.7+20.9+0.0+21.6

+18.1+0.5+17.7+0.0+18.1

+19.2+0.1+19.0+0.0+19.2

+43.6+1.2+42.3+0.0+43.6

+44.6+0.4+44.1-0.7+45.3

+38.0-0.9+38.8-1.7+39.6

15d

+29.2-1.1+30.3-4.3+33.5

+38.1-2.7+40.8-6.2+44.3

+57.5-6.3+63.9-9.2+66.7

+62.7-11.7+74.4-15.6+78.3

UpDownMarket · Nifty Microcap 250Sector · Services peers, median of 313Pending

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

AI summary

The Board appointed Capt. Divakar Sanamandra, the current Chief General Manager, as MD and CEO on additional charge from October 16, 2025. Shareholders will vote by remote e-voting from November 5 to December 4, 2025. The role is proposed for up to six months, until April 15, 2026, or until a permanent incumbent joins. He previously served as MD and CEO from October 2022 to April 2024 and receives no additional remuneration.

Likely market impact

Provides leadership continuity through an experienced internal executive, subject to shareholder approval, but the arrangement is temporary.