Re-appointment of WTD and CFO Mr. Ketan Shah for 5 years, pay hiked

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

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₹61.51

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.1% vs market

Other Food Products peers, median of 22sector-0.2%+1.6% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+1.4+0.3+1.1-0.2+1.6

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UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 22Pending

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AI summary

Board approved re-appointment of Mr. Ketan Sobhagchand Shah as Whole-time Director and CFO for 5 years from September 1, 2026 to August 31, 2031, subject to AGM approval. Remuneration raised from Rs 12 lakh to Rs 18 lakh per annum, effective April 1, 2026. He is the brother of CMD Kaushik Shah and holds 11.43 percent stake. Associated with the company since January 2022.

Likely market impact

Leadership continuity with 50 percent pay hike. Family-led management retains control. Subject to shareholder approval at the AGM.