Announced Tue, 7 Jul · 15:21 IST
Board to consider new auditors, directors, office shift to Gujarat
Management Changes View source PDF
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
-9.7%1-day move
₹22.48
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.7-14.1—-14.1—-22.1————
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AI summary
Organic Coatings Ltd Board meets 14 July 2026 to consider: new Secretarial Auditor (Kamal Lalani), replacing Internal Auditor with ABSM Associates, appointing two new Independent Directors (Ramanathan Ganesh and Subhash Patel), reconstituting Audit and Nomination committees, reducing director remuneration, a working capital loan of INR 33.60 Lakhs from Bank of Maharashtra, and shifting registered office from Maharashtra to Gujarat.
Likely market impact
Multiple governance changes including auditor swap, two new independent directors, and a potential office shift to Gujarat, alongside a small loan and director pay cut.