Nominee director change - Sumitomo Wiring Systems replaces its board nominee

MSUMI · price

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▲ 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

+3.7%1-day move

₹39.35

prior close

₹38.95

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-2.1-2.5-0.9-1.2+3.7+5.6+5.7+7.1+9.0+6.5+1.8-1.0+1.7—

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AI summary

Motherson Sumi Wiring India informed exchanges on April 28, 2026 that its joint venture partner Sumitomo Wiring Systems Limited, Japan replaced its nominee director. Mr. Yuichi Shimizu resigned from the board, and Mr. Ryuji Sakai was appointed as an additional director effective the same date. Mr. Sakai brings 30+ years of experience in sales and international business at Sumitomo Electric and Sumitomo Wiring Systems, including stints in Thailand and the UK. His appointment is subject to shareholder approval at the next AGM.

Likely market impact

Routine nominee director swap by JV partner Sumitomo Wiring Systems; no material impact on operations or minority shareholders.