Announced Mon, 12 Oct, 2026 · 16:08 IST

Board appoints Independent Director and reconstitutes committees

Board & Shareholder Meetings View source PDF Explain this filing

Price

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

-3.4%Reaction day

₹14.71

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-3.6% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.1%-3.5% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.4+0.2-3.6+0.1-3.5

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

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

AI summary

Board of Ashtaasiddhi Industries (formerly Gujarat Investa) on 12 October 2026 appointed Mr. Ramesh Nair (DIN 01227351) as Non-Executive Independent Director for 5 years, subject to shareholder approval. He holds a B.Com from University of Calicut and has over 30 years of experience in the textile industry. The board also reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, with Mr. Nair inducted as a member in all three.

Likely market impact

New independent director strengthens board governance and committee composition. Generally neutral for share price; awaits shareholder approval.