Managing Director re-appointed for 3 more years

Management Changes View source PDF Explain this filing

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

+0.6%Reaction day

₹320.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%+3.9% vs market

Paper, Forest & Jute Products peers, median of 19sector · industry level-1.1%+1.7% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 1.7 pts more than its Paper, Forest & Jute 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-3.3+3.9-1.1+1.7

Next day

-0.9-3.4+2.5-0.1-0.8

-2.9-2.6-0.3+0.0-2.9

+0.0-1.0+1.0-1.0+1.0

-3.1-1.2-2.0-0.2-2.9

-3.1-0.7-2.4-1.1-2.0

-3.1-1.0-2.2-0.6-2.6

15d

-1.6-1.7+0.2-4.5+3.0

-6.3-4.1-2.2-1.1-5.2

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UpDownMarket · Nifty Microcap 250Sector · Paper, Forest & Jute Products peers, median of 19Pending

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

AI summary

AGM on 11 Sept 2026 approved re-appointment of Mr. Ashish Chandrakant Agrawal as Managing Director for 3 years, from 13 June 2026 to 12 June 2029. He holds a B.Tech in Chemical Engineering and a Master’s in Finance and Personnel Management, with over 30 years of industry experience. He is not related to any director and is not debarred by SEBI.

Likely market impact

Leadership continuity as existing MD gets another 3-year term, offering stability for strategy and operations.