Board appoints new Woman Independent Director

Board & Shareholder Meetings View source PDF Explain this filing

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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

-1.9%Reaction day

₹0.53

prior close

₹0.53

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-0.6% vs market

Non Banking Financial Company (NBFC) peers, median of 220sector-0.5%-1.3% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.3 pts less than its Non Banking Financial Company (NBFC) 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

-3.8

Sessions after the filingfrom the prior close

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Reaction day

-1.9-1.3-0.6-0.5-1.3

Next day

-1.9-1.3-0.6-0.6-1.3

-3.8+0.0-3.8-0.6-3.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 220Pending

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

AI summary

Board of Mangalam Industrial Finance Ltd at its meeting on September 30, 2026 approved the appointment of Ms. Bhavika Dhaval Makadia (DIN: 11920299) as Additional Non-Executive Woman Independent Director. She will hold office from September 30, 2026 till the next AGM. She is a qualified Company Secretary with 4 years of professional experience and is not related to any existing director.

Likely market impact

Strengthens board with an independent woman director; mildly positive for governance and compliance standards.