Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Management Changes View source PDF Explain this filing

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

+3.9%Reaction day

₹770.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+2.6% vs market

Specialty Chemicals peers, median of 85sector+0.7%+3.2% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 3.2 pts more than its Specialty Chemicals 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

+3.9+1.3+2.6+0.7+3.2

Next day

+3.8+1.0+2.7-0.1+3.9

-1.9+0.8-2.7-0.4-1.5

+1.0+0.5+0.5-0.8+1.9

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-7.3-0.3-7.0-2.6-4.7

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-6.5+2.4-8.9-1.9-4.6

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-13.0-1.6-11.4-8.9-4.1

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 85Pending

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

AI summary

Hardcastle & Waud Manufacturing Company has informed the stock exchange that its members approved three key governance items. First, Mr Banwari Lal Jatia (DIN: 00016823) has been re-appointed as Managing Director for a 3-year term starting 1st April 2026, ensuring leadership continuity. Second, Mr Manekchand Panda (DIN: 00015759) has been appointed as an Independent Director for 5 years effective 12th August 2025, strengthening the board with an additional independent member. Third, M/s SKJP & Associates, Practicing Company Secretaries, has been appointed as Secretarial Auditors for a 5-year period covering FY2025-26 through FY2029-30. The filing was made under SEBI Listing Regulations and signed by the Company Secretary.

Likely market impact

This is a routine governance update with no material impact on shareholders. The re-appointment of the existing MD signals leadership stability, while the new Independent Director and long-tenure Secretarial Auditor strengthen board oversight and compliance functions over the medium term.