AGM approvals: director re-appointment, auditor appointment, IPO proceeds change

Management Changes View source PDF Explain this filing

IGCL · 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

-3.9%Reaction day

₹60.34

prior close

₹62.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-2.3% vs market

Pesticides & Agrochemicals peers, median of 28sector-2.1%-1.7% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.7 pts less than its Pesticides & Agrochemicals 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

-0.7

10m

-2.7

15m

-5.0

30m

-6.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.9-1.6-2.3-2.1-1.7

Next day

-2.6-0.6-2.0-3.3+0.7

-6.1-0.8-5.3-3.3-2.8

-9.0-2.1-6.9-4.3-4.7

-11.6-2.1-9.5-5.6-6.0

-5.4-0.8-4.5-4.3-1.1

-8.0-3.8-4.2-6.8-1.2

15d

-0.8-6.9+6.1-9.8+9.0

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UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 28Pending

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

AI summary

Shareholders approved via e-voting at the 34th AGM: (1) Re-appointment of Mr. Pushap Kumar as Non-Executive Director effective September 24, 2026. (2) Appointment of M/s NJ and Associates as Secretarial Auditor for five years from April 1, 2026 to March 31, 2031. (3) Variation in objects and time extension for utilization of IPO proceeds toward capex at the Barwasani, Haryana manufacturing facility.

Likely market impact

Routine governance updates. Reallocation of IPO proceeds toward Haryana plant capex signals revised business priorities.