New Non-Executive Chairman appointed - Manish Raj Gupta replaces AK Saxena

Management Changes View source PDF Explain this filing

ORISSAMINE · price

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

+1.3%Reaction day

₹4480.00

prior close

₹4475.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.0% vs market

Industrial Minerals peers, median of 12sector+1.5%-0.1% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 pts less than its Industrial Minerals 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

Stock

+2.1

10m

+1.8

15m

+1.9

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+1.3+0.0+1.5-0.1

Next day

+0.4+0.3+0.1+0.5-0.0

-2.3-0.5-1.9-1.5-0.9

+1.2+2.1-0.9+1.6-0.5

+0.2+3.1-2.9+3.1-2.9

+0.4+2.6-2.1+3.3-2.8

-3.5+0.6-4.1+0.1-3.7

15d

-6.4-1.4-4.9-2.8-3.6

-13.3-6.9-6.4-9.4-4.0

-22.7-7.7-15.0-9.9-12.8

-5.7+7.0-12.6+4.7-10.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Minerals peers, median of 12Pending

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

AI summary

OMDC has appointed Shri Manish Raj Gupta, CMD with additional charge at RINL, as Non-Executive Chairman effective 20 January 2026. He replaces Shri Ajit Kumar Saxena, who ceased to be a Director upon superannuation on 31 December 2025. Mr Gupta brings over three decades of experience in the steel industry and currently serves as Director (Technical, Projects and Raw Materials) at SAIL. The nomination was made by RINL, the promoter, and the board remains compliant with regulations.

Likely market impact

Routine leadership change. New Chairman is a promoter (RINL/SAIL) nominee, so governance continuity is maintained. No material impact expected.