Shareholders confirm two Independent Directors for 5-year terms

Management Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹36.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.5% vs market

Non Banking Financial Company (NBFC) peers, median of 220sector-0.5%-2.2% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 2.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.3-1.5-0.5-2.2

Next day

-4.7-1.3-3.4-0.6-4.1

-2.8+0.0-2.8-0.6-2.3

-8.5-0.2-8.2-1.0-7.5

-10.3-3.0-7.3-2.4-7.9

-12.1-2.7-9.3-1.7-10.3

-15.5-1.7-13.8-0.4-15.1

15d

-25.9-8.9-17.1-5.5-20.5

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 220Pending

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

AI summary

At the AGM on 30.09.2026, shareholders approved the change in designation of Mr. Rishi Bhargav (DIN 11835801) and Mr. Akshit Dua (DIN 11883449) from Additional Director to Independent Director. Both have been appointed for 5 consecutive years effective 17.07.2026 and 13.08.2026 respectively. Neither is related to other directors and neither is debarred by SEBI or any authority.

Likely market impact

Routine governance update; strengthens independent oversight on the board with no material business impact.