Announced Fri, 14 Aug · 12:03 IST
Re-appointment of Mr E N Rangaswami as Whole-time Director for 3 years
MERCANTILE · 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
-3.6%1-day move
₹24.90
prior close
₹23.77
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+6.9+6.9+6.4-3.6+1.8-2.1-1.6-3.4-0.0+3.9-7.6——
Up moveDown movePending
AI summary
Board approved re-appointment of Mr E N Rangaswami as Whole-time Director for 3 years from 5 December 2026 to 4 December 2029, subject to shareholder approval at the upcoming AGM. He holds B.Sc and is an ICAI associate with over 47 years of experience in finance and general administration, and has served the company for 14 years. He is not related to any director and is not debarred by SEBI.
Likely market impact
Routine leadership continuity with no change in control or strategy. Final appointment depends on shareholder approval at AGM.