Announced Sat, 27 Jun · 11:54 IST
Board overhaul as new promoter family takes control, name change planned
Ceo ResignedCfo ResignedCeo Appointed ExternalMultiple Ind Directors ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹39.69
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+6.1+8.2+10.3+12.5+17.1+36.1———
Up moveDown movePending
AI summary
Board approved a full overhaul after an open offer changed control. Six directors and CFO resigned including both MDs Ashoke and Tushar Agarwal. Seven new appointments: Maheshkumar Thanki as Chairperson, Bhargav Thanki as MD, Bhavin Thanki as Whole-time Director, 3 independent directors, and Gautam Thanki as CFO. The Thanki family of Rawmin Mining takes over. Will rename to Rawmin Neo Elements Limited and shift registered office to Maharashtra.
Likely market impact
New Thanki promoter family takes full control after open offer. Expect strategic pivot to mining and critical minerals. Name and HQ change ahead.