Announced Wed, 18 Mar · 14:57 IST

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

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹699.85
prior close
₹714.95
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-1.7+2.6+1.4+1.9-5.2-2.3+2.0+25.3+27.3
Up moveDown movePending
AI summary

The Board of Hardcastle & Waud Manufacturing, at its meeting on 18 March 2026, approved the appointment of Mr Ganpat Lal Dadhich (DIN: 11612342) as an Additional Non-Executive (Non-Independent) Director. He is a B.Com graduate with over 32 years of experience in accounts and business operations, and is not related to any existing director. With effect from 19 March 2026, he has been added to all three key Board committees — Audit, Nomination and Remuneration, and Stakeholders' Relationship. The Board also approved shifting the registered office from Kalyan (East), Thane to Nariman Point, Mumbai, which is subject to shareholder and other regulatory approvals.

Likely market impact

This is a routine corporate housekeeping update — a new non-executive director with finance experience joins the Board and committees, which is neutral for shareholders. The proposed shift of the registered office to the more prominent Nariman Point business district is administrative and awaits shareholder approval, so it is unlikely to move the stock in the near term.