Announced Mon, 29 Jun · 17:34 IST
New directors appointed after Open Offer; CFO exits
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
+3.7%1-day move
₹4.87
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.7+5.7+7.8+9.9+11.9+16.2+35.1———
Up moveDown movePending
AI summary
Board appointed Mr. Mahesh Odedra and Mr. Hiren Odedra as Additional Directors under the Promoter Category after SEBI cleared the Open Offer on June 23, 2026. Acquirers deposited Rs. 1.14 crore in escrow, over 100 percent of the offer value. Mr. Sanjaykumar Shah resigned as Executive Director and CFO due to the management change. Board committees were reconstituted and the registered office shifted within Ahmedabad.
Likely market impact
Management change completed as new acquirers take control of the board, likely bringing a shift in business strategy and direction.