AGM results: Re-appointment of Managing Director and appointment of Secretarial Auditors

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

+6.1%Reaction day

₹74.01

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%+7.4% vs market

Trading & Distributors peers, median of 136sector-0.5%+6.5% vs sector

On the reaction day the stock moved 7.4 pts more than Nifty Microcap 250 and 6.5 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.1-1.3+7.4-0.5+6.5

Next day

+3.4-1.3+4.7-1.0+4.4

+13.4+0.0+13.4-0.8+14.2

+8.4-0.2+8.7-1.3+9.8

+9.4-3.0+12.4-3.2+12.6

+10.5-2.7+13.2-3.2+13.7

+13.5-1.7+15.2-2.7+16.2

15d

+8.2-8.9+17.1-6.2+14.4

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 136Pending

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

AI summary

Members at the AGM held on September 30, 2026 approved the re-appointment of Mr. Nivedan Bharadwaj as Managing Director for 5 years, effective October 1, 2026 to September 30, 2031. Members also approved the appointment of M/s. Vishakha Harbola and Associates as Secretarial Auditors for 5 consecutive financial years from FY 2025-26 to FY 2029-30. Mr. Bharadwaj is related to existing directors on the board.

Likely market impact

Routine governance approval. Re-appointment signals leadership continuity. No material impact expected on stock price.