Postal ballot results: Bhartia brothers re-appointed as MD and Jt MD

Management Changes View source PDF Explain this filing

JUBLPHARMA · price

Loading chart…

▲ 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

-0.1%Reaction day

₹864.70

prior close

₹863.95

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.2%-0.3% vs market

Pharmaceuticals peers, median of 175sector+0.0%-0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.1 pts less than its Pharmaceuticals 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

+0.6

10m

+0.3

15m

+0.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+0.2-0.3+0.0-0.1

Next day

+0.3-0.4+0.7-0.6+0.8

+0.0+0.1-0.1-0.2+0.2

+1.4+0.6+0.9-0.2+1.6

+4.4+0.3+4.1-0.4+4.9

+3.5+0.2+3.3-0.7+4.2

+1.6+0.7+0.9-0.6+2.2

15d

+15.6+1.2+14.4+1.6+14.0

+24.1-0.1+24.3+1.7+22.5

+9.0-4.8+13.8-4.2+13.2

—————

UpDownMarket · Nifty Smallcap 250Sector · Pharmaceuticals peers, median of 175Pending

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

AI summary

Jubilant Pharmova shareholders approved the re-appointment of Priyavrat Bhartia as Managing Director and Arjun Shanker Bhartia as Joint Managing Director through postal ballot. Resolution 1 passed with 99.81 percent votes in favour, Resolution 2 passed with 99.87 percent. Both are members of the promoter Bhartia family.

Likely market impact

Continuity at top as promoter Bhartia family continues to lead. Very strong shareholder support over 99.8 percent.