Mayank Shah appointed Chief Financial Officer alongside Chairman and MD roles

Management Changes View source PDF Explain this filing

GSLSU · price

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

+4.0%Reaction day

₹86.99

prior close

₹96.51

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+4.5% vs market

Granites & Marbles peers, median of 6sector-0.5%+4.6% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.6 pts more than its Granites & Marbles peers, 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

-1.5

10m

-0.6

15m

-1.6

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0-0.5+4.5-0.5+4.6

Next day

+25.7+0.5+25.2-0.1+25.8

+27.6+1.5+26.1+1.3+26.3

+18.7+1.1+17.6-0.1+18.8

+19.0+0.7+18.3+2.8+16.2

+17.0+1.1+15.8+1.0+15.9

+14.4+1.8+12.5+2.6+11.8

15d

+47.4-0.4+47.7-2.6+50.0

+50.1+1.0+49.2-4.7+54.9

+26.7-5.8+32.4-4.7+31.4

+4.6-8.9+13.5-11.3+15.9

UpDownMarket · Nifty Microcap 250Sector · Granites & Marbles peers, median of 6Pending

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

AI summary

The Board appointed Mayank Shah as Chief Financial Officer with immediate effect from October 17, 2025, in addition to serving as Chairman and Managing Director. The appointment followed recommendations from the nomination, remuneration and audit committees. Shah has more than two decades of experience in the natural and engineered stone industry.

Likely market impact

The additional role strengthens finance oversight and places exchange disclosure responsibility on the Chairman and Managing Director.