Whole-Time Director ceases after shareholders vote against re-appointment

Key managerial personnel resignedDirector flagged a governance concernManagement Changes 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

-4.5%Reaction day

₹34.28

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-4.8% vs market

Residential, Commercial Projects peers, median of 63sector+0.0%-4.5% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.5 pts less than its Residential, Commercial Projects 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

-4.5+0.3-4.8+0.0-4.5

Next day

-2.6+0.6-3.2-0.3-2.3

-5.6-0.4-5.2-1.4-4.1

-1.1-0.9-0.2-0.4-0.7

-9.9-0.3-9.6-0.6-9.3

-11.3+0.3-11.6-0.9-10.4

-14.8+1.3-16.1-0.2-14.6

15d

+19.8-0.1+20.0-2.2+22.0

+35.6-1.2+36.8-3.9+39.5

+33.1-7.7+40.8-6.6+39.6

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 63Pending

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

AI summary

At the 43rd AGM on Aug 25, 2026, shareholders voted against re-appointing Mr. Ramanuj Murlinarayan Darak as Whole-Time Director, with 99.96 percent voting against. He ceases as WTD effective Aug 25, 2026. Other resolutions covering financial statements, auditor appointment, and Mr. Ankan Gupta's redesignation as Chairman cum Managing Director were approved with 99.99 percent in favor.

Likely market impact

KMP-level exit via shareholder vote raises governance concerns; board must fill the vacancy, creating short-term leadership uncertainty.