Announced Fri, 14 Aug · 12:39 IST
Board approves Annual Report, auditor changes, and IPO proceeds variation
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
-7.8%1-day move
₹60.50
prior close
₹62.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-7.8-7.8—+1.5+11.6+2.5+3.3-4.4——
Up moveDown movePending
AI summary
Board approved FY26 Annual Report. Director Pawan Chohan re-appointed. New auditor S A H A S Associates appointed after resignation of S A R N U M LLP. Secretarial and internal auditors re-appointed for FY27. AGM on Sept 21, 2026. Board approved varying IPO proceeds of about Rs 1,332 lakh via Postal Ballot, redirecting working capital funds to strategic investments through subsidiaries or joint ventures, plus four retail stores.
Likely market impact
Variation in IPO fund use and auditor change pending shareholder nod. Neutral, reflects routine governance and growth planning.