Board reshuffle: Founder becomes Chairman, son elevated to MD

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

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

-0.1%Reaction day

₹181.00

prior close

₹180.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.1% vs market

Pesticides & Agrochemicals peers, median of 28sector-0.2%+0.0% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and in line with its Pesticides & Agrochemicals 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.3+0.1-0.2+0.0

Next day

-2.2-1.5-0.7-2.0-0.2

-1.7-1.5-0.1-2.5+0.8

-3.3-0.2-3.1-0.7-2.6

-3.4-0.5-2.9-1.5-1.9

+1.1-3.2+4.3-3.6+4.7

-3.1-2.2-1.0-3.9+0.8

15d

-7.7-9.5+1.7-10.6+2.9

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UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 28Pending

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

AI summary

Members approved changes at the Sept 29, 2026 AGM. Founder Krishnamurthy Ganesan moves from MD to Chairman effective Nov 1, 2026. His son Prashant Krishnamurthy is elevated from Executive Director to MD. Dr. Bhagirath Choudhary is regularized as Independent Director for a 1st term of 3 years. Dr. Gopal Krishna Raju and Dr. Charudatta Mayee are reappointed as Independent Directors for 2nd terms of 3 years each from Dec 11, 2026.

Likely market impact

Clear promoter family succession at the top. New MD brings international agrochemical experience. Board continuity maintained for shareholders.