Two directors vacate office after 12 months of board meeting absences

Director flagged a governance concernManagement Changes View source PDF Explain this filing

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

-1.6%Reaction day

₹7.67

prior close

₹7.97

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.6% vs market

Other Industrial Products peers, median of 24sector+0.2%-1.8% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.8 pts less than its Other Industrial 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

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Next day

-1.8+0.2-2.0-0.0-1.8

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 24Pending

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AI summary

Mauria Udyog informs that Mr. Birendra Kumar (Independent Director) and Mrs. Veena Agarwal (Non-Independent Director) automatically vacated their board seats effective August 13, 2026. Both were absent from all board meetings for 12 months, triggering Section 167(1)(b) of the Companies Act, 2013. The company says no other reasons are behind their exit.

Likely market impact

Governance red flag: both directors, including one independent director, missed every board meeting for a full year before automatic removal.