Board reappoints MD, elevates co-founder as Joint Managing Director

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

HARIOMPIPE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.8%Reaction day

₹343.00

prior close

₹350.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+2.4% vs market

Iron & Steel Products peers, median of 103sector-0.3%+2.1% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.1 pts more than its Iron & Steel Products 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

+0.0

10m

+0.1

15m

-0.1

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.6+2.4-0.3+2.1

Next day

+3.8+0.0+3.8+0.3+3.5

+4.7+0.7+4.0+0.5+4.1

+6.3+1.1+5.2+0.5+5.8

+7.7+1.6+6.1+0.6+7.2

+6.4+1.5+4.9+0.7+5.7

+5.2+1.4+3.9+0.0+5.2

15d

+2.4+0.4+2.0+1.8+0.7

-6.0-1.4-4.6-3.2-2.8

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

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

AI summary

Hariom Pipe's board reappointed founder-promoter Rupesh Kumar Gupta as Managing Director for 3 years from January 8, 2027, and elevated co-founder Shailesh Kumar Gupta as Joint Managing Director for 3 years from September 2, 2026. Revisions to remuneration of Whole-time Director Ansh Golas and Non-Executive Directors Sunita Gupta and Soumen Bose were also approved, subject to shareholder approval at the 19th AGM on September 30, 2026.

Likely market impact

Promoter family tightening grip on leadership with both brothers now at the top. Continuity is positive, but shareholding minority oversight stays limited.