Announced Fri, 27 Mar · 17:09 IST

Please refer to the attached annexure

Promoter Family Board EntryManagement Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹34.00
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.9+4.4+7.4+27.9+27.4+28.5+28.7+25.7+23.5+29.4
Up moveDown movePending
AI summary

The Board, at its meeting on March 27, 2026, approved the appointment of Ms. Janhavi Kothari as Executive Director to manage the Purchase Department, effective April 1, 2026. She holds a B.Tech in Computer Science from SRM Institute and has prior experience as a Procurement and Consumption Analyst. Ms. Kothari is the daughter-in-law of Chairman and Managing Director Mr. Pramod Kumar Kothari and wife of Whole-Time Director Mr. Siddhant Kothari. The appointment was made on the recommendation of the relevant committees.

Likely market impact

This is a promoter-family appointment at the executive director level, reinforcing the Kothari family's direct operational control, particularly over the Purchase function. Investors should watch for related-party transaction disclosures and any governance concerns stemming from family concentration on the board.