Announced Tue, 21 Apr · 17:21 IST

ENCLOSED HEREWITH DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹6.67
prior close
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After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.0-2.5-1.2-1.0-4.6-7.3+2.5-3.4-5.5-10.2
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AI summary

Groarc Industries India Ltd (formerly Telesys Info-Infra (I) Limited) announced that its Board of Directors, at a meeting held on 21st April 2026, approved the re-appointment of Mr. Chandran Ganesan (DIN: 08166461) as Executive Whole-Time Director for a further term of 3 years, from 21st April 2026 to 20th April 2029. The re-appointment is subject to approval from members at a general meeting. Mr. Chandran Ganesan is described as a businessman with over 30 years of experience in import-export, commodities trading, and the infrastructure industry, and has no relationship with other directors on the board. The board meeting ran from 4:00 PM to 4:30 PM, and the disclosure was signed by Whole-Time Director Rajendhiran Jayaram.

Likely market impact

This is a routine re-appointment of an existing executive director with no change in management control, and is unlikely to have any material impact on the stock price. Shareholders will get to vote on the re-appointment at the next general meeting.