Postal ballot results: revised director pay and new CBO appointment approved

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

-5.0%Reaction day

₹1675.30

prior close

₹1644.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-3.3% vs market

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250, 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

+3.9

10m

+2.7

15m

+1.2

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-5.0-1.6-3.3

Next day

-9.7-1.0-8.8

-14.3-2.6-11.6

-18.5-5.1-13.4

-22.6-6.1-16.5

-26.5-8.3-18.2

-23.7pendingpending

15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Shareholders approved all 4 resolutions via Postal Ballot: revision of remuneration for MD Piyush Somani and Whole-time Director Komal Somani, and appointment of Sameer Redij as Director and as Whole-time Director (Chief Business Officer) for 3 years from July 13, 2026. Voting closed October 12, 2026.

Likely market impact

New CBO Sameer Redij joins for a 3-year term; pay of promoter MD and WTD revised. Mildly positive board strengthening.