Re-appointment of Abhimanyu J. Thackersey as Joint Managing Director for 3 years

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

-1.5%Reaction day

₹162.50

prior close

₹162.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-1.6% vs market

Other Textile Products peers, median of 186sector+0.0%-1.5% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-1.5+0.0-1.6+0.0-1.5

Next day

-2.8-0.0-2.8+0.0-2.8

-1.6-0.2-1.4-0.5-1.1

-4.6+0.2-4.8-0.9-3.7

-2.3+0.3-2.7-1.2-1.1

-2.8+0.4-3.2-0.6-2.2

-3.6+0.9-4.5-1.2-2.4

15d

-10.7+1.6-12.3-1.3-9.5

-9.9+2.0-11.9-0.3-9.6

-4.6+0.6-5.2-3.8-0.9

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 186Pending

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

AI summary

Board on August 7, 2026 approved the re-appointment of Mr. Abhimanyu J. Thackersey (DIN 00349682) as Joint Managing Director for a period of three years, effective February 8, 2027 to February 7, 2030. This is subject to shareholder approval at the 122nd AGM on September 10, 2026. He has served the company in various roles since 2011, including leading its textile business and entry into technical textiles. His current term expires February 7, 2027. He is not debarred from holding office under any SEBI order.

Likely market impact

Continuity in leadership. Routine re-appointment, pending shareholder approval at AGM in September 2026. No material change expected.