Postal Ballot for MOA amendment to add iron and steel business

Board & Shareholder Meetings View source PDF Explain this filing

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

+1.0%Reaction day

₹35.95

prior close

₹36.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+2.7% vs market

Paper Forest & Jute Products peers, median of 23sector · industry level-1.7%+2.7% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 2.7 pts more than its Paper Forest & Jute 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

-0.1

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-1.6+2.7-1.7+2.7

Next day

-1.0-1.0-0.0-1.3+0.4

-3.1-2.6-0.5-3.8+0.7

-5.4-5.1-0.2-6.3+0.9

-2.6-6.1+3.5-7.1+4.5

-1.8-8.3+6.5-8.8+7.0

-5.4-6.4+0.9-6.3+0.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Paper Forest & Jute Products peers, median of 23Pending

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

AI summary

Company has sent a Postal Ballot Notice to members for voting on a Special Resolution to amend the Memorandum of Association. The proposal adds a new object clause allowing the company to enter iron ore, steel, ferro silicon, ferro chrome, mining, smelting, construction, and related businesses. Currently, the company only makes Katha and Cutch. E-voting runs from Oct 17 to Nov 15, 2026 via NSDL.

Likely market impact

Significant diversification beyond Katha and Cutch into steel, mining, and infrastructure sectors. Results expected by Nov 15, 2026.