Announced Mon, 14 Sept · 16:50 IST

Registered Office shift approved from Gujarat to Madhya Pradesh

Price

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Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹262.90
prior close
base price
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.0-4.0-4.1-5.3
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AI summary

Members approved on September 14, 2026 the shifting of the registered office from Vadodara, Gujarat to Pithampur, Madhya Pradesh. Manufacturing operations have already been based in Pithampur since 2022. The change requires statutory and regulatory approvals and will alter Clause II of the Memorandum of Association. The move aims to align the registered office with the principal place of operations for better administrative and operational efficiency.

Likely market impact

Administrative realignment; operations already run from Pithampur since 2022. No major business impact expected. Subject to regulatory approvals.