Announced Wed, 8 Jul · 13:43 IST
New Independent Director appointed; promoter relative promoted to VP
Management Changes View source PDF
LAOPALA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹180.50
prior close
₹178.67
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.2-0.4-0.7-2.2-0.6+1.0+0.9+4.2+4.2————
Up moveDown movePending
AI summary
La Opala RG's Board approved two changes on July 8. Mr. Saradindu Dutta, a former ITC executive and Chartered Accountant, has been appointed as Non-Executive Independent Director for five years. Separately, Mr. Abhyuday Jhunjhunwala, a relative of Directors, has been promoted from General Manager to Vice President - Business Development and designated as Senior Management Personnel. Both require shareholder approval at the upcoming 39th AGM.
Likely market impact
Brings an experienced former ITC executive onto the board; also flags promoter family member in senior management. Both items need shareholder approval at AGM.