Postal Ballot Results: New Independent Director and Executive Director/CFO Appointed

Management Changes View source PDF Explain this filing

HIRECT · price

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

+4.0%Reaction day

₹1103.50

prior close

₹1102.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+2.7% vs market

Industrial Products peers, median of 134sector+0.8%+3.2% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.2 pts more than its Industrial 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

+1.2

10m

+1.1

15m

+1.5

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+1.3+2.7+0.8+3.2

Next day

+1.0+1.1-0.1+1.1-0.2

+0.5-1.7+2.2-1.7+2.2

+1.2-1.5+2.6-0.4+1.5

+1.0-0.6+1.7-0.9+2.0

+3.2-0.4+3.7-0.2+3.4

-1.2-1.4+0.2-1.1-0.2

15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 134Pending

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

AI summary

Hirect Limited's postal ballot (results declared October 3, 2026) passed all four resolutions with requisite majority. Shareholders approved appointing Mr. Rahul Rai as Independent Director for a first term of 5 years, and Mr. Anil Kumar Nemani as Director and as Whole-Time Director designated as Executive Director and CFO for 3 years. Shareholders also approved extending the timeline for utilizing funds raised through a prior preferential issue of equity warrants.

Likely market impact

New CFO and Independent Director onboarded; fund utilization deadline extended, giving the company more time to deploy warrant proceeds.