BSECovidh Technologies Ltd· IT - SoftwareHighNeutral
Announced Fri, 18 Jul, 2025 · 17:42 IST

We are hereby submitting the revised Intimation regarding the change in management which was originally filed on 30.05.2025. The date of appointment for Mr. Mangina Srinivas Rao was inadvertently ....

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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
+4.8%Reaction day
₹2.07
prior close
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announcement price
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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+5.0% vs market
Computers - Software & Consulting peers, median of 64sector-0.4%+5.2% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 64Pending

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

AI summary

Covidh Technologies has revised its earlier filing to correct the appointment date for Mr. Mangina Srinivas Rao, who was appointed as an Additional Non-Executive Independent Director on 30 May 2025 for a 5-year term, subject to shareholder approval. In the same board meeting, the company appointed Mr. Vishal Vinod Jain as Chief Financial Officer — he is a Chartered Accountant with 8 years of experience in finance, tax, and allied laws. Ms. Joshi Apurva Pradeep, a Certified Forensic Accounting Professional currently on the boards of Quickheal Technologies and Fino Paytech, was also appointed as an Additional Non-Executive Independent Director for a 5-year term. The company disclosed no relationship between the new appointees and existing directors.

Likely market impact

This is a routine governance update strengthening the company's leadership and independent oversight. Shareholders will need to approve the two independent director appointments at the next AGM. No immediate material impact on stock price is expected.