Company clarifies delayed filing of 39th AGM proceedings to BSE under Reg 30(6)

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

-4.2%Reaction day

₹47.57

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-5.1% vs market

Industrial Products peers, median of 135sector+0.1%-4.3% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 4.3 pts less than its Industrial Products 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

-4.2+0.8-5.1+0.1-4.3

Next day

+0.7+1.0-0.4+0.3+0.3

+0.7+1.7-1.1+0.2+0.4

+0.6+0.1+0.6-0.6+1.2

-4.7+0.8-5.4-0.4-4.3

-1.4-0.9-0.5-1.7+0.3

-3.5-4.5+1.0-5.5+2.0

15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 135Pending

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

AI summary

Company held its 39th AGM on 30 Sept 2026 and submitted proceedings on 1 Oct 2026. BSE raised a query on 7 Oct about the delay in filing under Regulation 30(6) of SEBI LODR. Company clarified the delay was inadvertent due to a misunderstanding of the applicable timeline, with no malafide intention. AGM items approved include audited financial statements, dividend of Rs 1 per share (10%), reappointment of Mr Himmatlal Bhuva, and appointment of Mr Devang Shah as Independent Director.

Likely market impact

Minor compliance lapse; no SEBI penalty imposed yet. Weak internal compliance monitoring flagged, worth tracking for future filings.