Announced Tue, 16 Jun · 18:50 IST
Board approves rights issue fund reallocation & auditor re-appointment
Fund Raising View source PDF
NARMADA · 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
-4.6%1-day move
₹37.01
prior close
₹37.45
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.9-0.9-0.4-4.6-3.4+1.6-0.0+8.1+7.7-6.7+5.9——
Up moveDown movePending
AI summary
The board approved changing the use of proceeds from the September 2024 rights issue, subject to shareholder approval, but did not specify the new objects. It also re-appointed statutory auditors Jain Kedia and Sharma for 4 years, appointed Mr. Rajesh Kumar as internal auditor for FY27, approved the directors' report for FY26, and fixed the 14th AGM on July 18, 2026 via video conferencing.
Likely market impact
Shareholders will vote on revised use of 2024 rights issue funds; otherwise routine governance. Watch AGM for details on new fund objectives.