Clarification on director appointment effective date

Management Changes View source PDF Explain this filing

INDIANCARD · price

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

-2.1%Reaction day

₹192.00

prior close

₹195.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-1.1% vs market

Other Textile Products peers, median of 186sector-0.3%-1.8% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.8 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.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Reaction day

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Next day

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

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AI summary

The company clarified that the effective date of Mr. Tushar Arvind Vaidya's appointment as Additional Director in the Non-Independent Non-Executive category, announced after the October 20, 2026 board meeting, is October 30, 2026, not October 20, 2026 as originally stated. The correction addresses an inadvertent error in the earlier filing. No other changes to the terms of appointment were mentioned.

Likely market impact

Minor administrative correction; the person and role remain the same, only the start date is corrected from October 20 to October 30, 2026.