Announced Mon, 7 Sept · 17:30 IST

Board approves Annual Report, AGM Sep 30; Chairperson change

Price

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Price reaction · full curve 14 horizons · vs prior close
-6.4%1-day move
₹13.94
prior close
₹14.27
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.1+0.1-6.4-3.9-5.1-6.0-2.4+6.7
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AI summary

Board approved Annual Report for FY ending March 31, 2026 and called 34th AGM for September 30, 2026 via video conferencing. Mr. Gokul Naresh Tandan resigned as Chairperson but stays as Managing Director. Mr. Sanjay Kumar Jain appointed new Chairperson for 5 years without pay. The change arose because Sanjay Jain was reclassified from Independent to Non-Executive Director, impacting SEBI's independent director norm. E-voting Sep 27 to 29; book closure Sep 23 to 29.

Likely market impact

Routine AGM-related approvals. Chairperson change is administrative to comply with SEBI independent director norms, no financial impact expected.