Secretarial auditor resigns with immediate effect

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

+3.3%Reaction day

₹209.00

prior close

₹214.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+1.6% vs market

Packaging peers, median of 64sector+0.7%+2.7% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.7 pts more than its Packaging 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

-2.8

10m

-1.2

15m

-1.7

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.3+1.7+1.6+0.7+2.7

Next day

+4.4pendingpending+0.4+4.0

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15d

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 64Pending

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

AI summary

Haresh Sanghvi, a practising company secretary, resigned as the company's secretarial auditor on October 26, 2026, with immediate effect. He cited professional pre-occupation and unavoidable commitments. His appointment covered FY 2025-26 through FY 2029-30. The company reported no adverse finding affecting finances or operations and will appoint a replacement.

Likely market impact

No adverse effect on finances or operations was reported. A new secretarial auditor will be appointed, so any impact should be limited to continuity.