Announced Tue, 4 Aug · 18:21 IST
Re-appointment of CMD and Whole-time Director for 5 years
NECCLTD · 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
-4.4%1-day move
₹15.90
prior close
₹15.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-2.5-4.4-3.6-5.1-8.7-6.3-4.7+12.8+22.2——
Up moveDown movePending
AI summary
Board approved re-appointment of Mr. Sunil Kumar Jain as Chairman and Managing Director and Mr. Utkarsh Jain as Whole-time Director for 5 years each, from October 01, 2026 to September 30, 2031. Both re-appointments are subject to shareholder approval at the upcoming AGM. Terms and remuneration to be as recommended by the Nomination and Remuneration Committee.
Likely market impact
Leadership continuity maintained with key directors retained for another 5-year term, pending shareholder approval.