Board appoints new independent director, fixes AGM date

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

-3.0%Reaction day

₹12.50

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.8% vs market

Other Textile Products peers, median of 184sector-0.8%-2.3% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 2.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 184Pending

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AI summary

Board approved appointment of Mr. Shankar Bhat as Additional Non-Executive Independent Director for five years from 27 July 2026, subject to shareholder approval. Bhat has 40 years of experience in governance and risk management at firms like BPL and Shahi Exports. The 29th AGM is scheduled for 20 August 2026 via video conferencing. Annual Report for FY 2025-26 will be sent electronically to members.

Likely market impact

Routine governance update. New independent director adds governance experience. AGM set for 20 August 2026.