Shailesh Bhandari's powers varied as Executive Vice Chairman
ELECTHERM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board approved a variation in the powers of Shailesh Bhandari, the Managing Director designated as Executive Vice Chairman, effective 4 November 2026. It applies through his current term ending 31 January 2031, subject to shareholder approval. A postal ballot process was authorised.
This changes the scope of executive authority while leaving his term in place. Shareholder approval is still required, and no ownership or board-composition change was reported.