Varoon Malik appointed Managing Director; all AGM resolutions passed

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

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

+1.7%Reaction day

₹89.50

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.1% vs market

Auto Components peers, median of 141sector · industry level+0.0%+1.7% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.7 pts more than its Auto Components peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.7+0.6+1.1+0.0+1.7

Next day

+3.9+0.4+3.6-0.1+4.1

+5.9+0.7+5.3+0.0+5.9

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+2.2+0.7+1.6-0.8+3.1

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-0.6-0.9+0.3-2.4+1.8

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UpDownMarket · Nifty Microcap 250Sector · Auto Components peers, median of 141Pending

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AI summary

Jullundur Motor Agency held its 77th AGM on 25 August 2026. All 6 resolutions passed with over 99.86 percent votes in favour. Dividend declared for FY26. Tanu Priya Puri and Deepak Arora re-appointed as directors. Varoon Malik appointed Director and Managing Director for 5 years from 1 September 2026. He is son-in-law of promoters Deepak Arora and Shuchi Arora, and currently serves as CEO (joined as COO in 2019, became CEO in 2020).

Likely market impact

Existing CEO elevated to MD; promoter family member takes top executive role. Dividend confirmed for FY26.