Board approves dividend, share consolidation, key appointments

Corporate Actions 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

+2.0%Reaction day

₹12.65

prior close

₹12.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.5% vs market

Plastic Products - Industrial peers, median of 45sector+0.5%+1.4% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.4 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+2.0+0.5+1.5+0.5+1.4

Next day

+4.0+0.4+3.6+0.0+4.0

+6.0+0.2+5.8-0.1+6.1

+8.1+0.3+7.8-0.8+8.8

+10.2-3.0+13.2-2.8+13.0

+12.3-3.1+15.5-2.8+15.2

+16.8-0.7+17.5-2.2+18.9

15d

+36.4-1.2+37.7-4.3+40.7

+50.4-4.2+54.6-4.1+54.5

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 45Pending

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

AI summary

Board approved ₹0.05 per share final dividend for FY26 (1% of face value, totaling about ₹4.37 lakh), subject to AGM. Also approved consolidating every 2 equity shares of ₹5 each into 1 share of ₹10, no change in paid-up capital. Two new Executive Directors appointed without pay. Mr. Akash Thakore appointed CFO. P K Garg and Associates named Internal Auditor. AGM set for 30 September 2026.

Likely market impact

Share consolidation halves share count and doubles face value with no value change. Dividend payout is small. New leadership signals governance reset.