Independent Director Sachin K. Mandlik completes second term

Management Changes View source PDF Explain this filing

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

-1.1%Reaction day

₹807.40

prior close

₹809.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-0.7% vs market

Iron & Steel Products peers, median of 92sector-0.6%-0.5% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.5 pts less than its Iron & Steel Products 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.1-0.4-0.7-0.6-0.5

Next day

-0.0-0.6+0.6-0.6+0.6

+0.3+0.3+0.0-0.6+0.9

+1.1+0.2+0.9-1.3+2.4

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-0.5+0.7-1.3-1.4+0.9

-2.2-0.3-1.9-3.4+1.2

15d

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-13.3-7.8-5.5-8.2-5.1

-4.9-4.6-0.3-9.7+4.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 92Pending

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

AI summary

Sachin K. Mandlik's second term as an independent director ended on November 8, 2025, and he ceased to be a director from November 9, 2025. He was reappointed for five years at the annual general meeting on August 1, 2022. This was term completion, not a resignation.

Likely market impact

This was a planned end to an independent director's term, with no financial impact or governance concern stated in the filing.