Board reappoints senior leaders and independent directors

Management Changes View source PDF Explain this filing

LEMERITE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+5.3%Reaction day

₹20.40

prior close

₹21.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+5.5% vs market

Trading - Textile Products peers, median of 7sector-0.5%+5.8% vs sector

On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.8 pts more than its Trading - Textile 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

Stock

-0.6

10m

-2.7

15m

-2.6

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.3-0.2+5.5-0.5+5.8

Next day

+0.2-0.3+0.5-1.0+1.2

+4.8-0.2+5.0-3.7+8.5

-1.7-3.5+1.8-5.6+3.9

-4.9-3.6-1.3-4.1-0.8

-9.8-2.8-7.0-2.8-7.0

-7.9-1.4-6.5-3.9-4.0

15d

-6.8-3.0-3.8-7.7+0.9

-5.0-4.4-0.6-9.5+4.4

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UpDownMarket · Nifty Microcap 250Sector · Trading - Textile Products peers, median of 7Pending

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

AI summary

The board approved reappointments for Abhishek Lath as Managing Director and CFO, Umashankar Lath as Managing Director and Chairman, and Sweta Lath as Executive Director, each for five years from October 31, 2026 to October 30, 2031, subject to shareholder approval. It recommended second five-year terms for independent directors Jaydeep Mehta and Narendra Kumar Srivastava from December 17, 2026 to December 16, 2031, also subject to shareholder approval. Narendra Kumar Sharma was appointed internal auditor for FY2026-27.

Likely market impact

Leadership continuity is positive, but the reappointments still need shareholder approval; no immediate financial change was announced.