Board re-appoints MD and Chairman, announces Q1 FY27 results

Management Changes View source PDF Explain this filing

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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

-8.8%Reaction day

₹107.00

prior close

₹99.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-9.0% vs market

Other Electrical Equipment peers, median of 52sector-0.4%-8.4% vs sector

On the reaction day the stock moved 9.0 pts less than Nifty Microcap 250 and 8.4 pts less than its Other Electrical Equipment 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

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15m

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30m

-0.3

Sessions after the filingfrom the prior close

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Reaction day

-8.8+0.2-9.0-0.4-8.4

Next day

-7.7+0.2-7.9-0.7-7.0

-7.8+0.4-8.1-1.1-6.7

-11.0+0.7-11.8-0.6-10.4

-12.2+0.1-12.3-1.7-10.5

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-11.7+1.2-12.9-2.0-9.7

15d

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-19.0-1.2-17.8-3.6-15.4

-28.8-1.1-27.7-5.5-23.3

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 52Pending

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

AI summary

Board approved re-appointment of Mr. Vikas Jain as Managing Director and Mr. Manish Gupta as Whole-Time Director and Chairman for 5 years effective 15 December 2026, subject to shareholder approval. Also approved Q1 FY27 (June 2026) results: standalone revenue 1,219.03 lakhs with a loss of 291.05 lakhs versus profit of 48.15 lakhs in Q1 FY26. Standalone EPS was negative 0.13. Auditors gave unmodified review opinion.

Likely market impact

Leadership continuity through 2031 is positive for stability; weak standalone Q1 loss may weigh on near-term sentiment.