AGM approves new auditor and re-appoints two independent directors

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

-0.2%Reaction day

₹16.68

prior close

₹16.68

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.1% vs market

Other Industrial Products peers, median of 25sector+1.0%-1.3% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.3 pts less than its Other 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

Stock

-0.2

10m

-0.2

15m

-0.2

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+0.8-1.1+1.0-1.3

Next day

-1.7+2.5-4.2+2.3-4.0

-3.9+2.3-6.2+1.6-5.5

-3.8+2.8-6.5+2.2-6.0

-3.5+4.1-7.6+3.4-6.8

-2.9+2.5-5.4+0.9-3.8

-3.1+1.2-4.3+2.5-5.7

15d

-8.2-0.8-7.4-2.5-5.7

-10.1-1.7-8.4+0.3-10.3

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 25Pending

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

AI summary

At the AGM on September 12, 2026, members approved three items: appointment of B.B. Gusani and Associates as Statutory Auditor for 5 years, and re-appointment of Mr. Hitesh Vishrolia and Mr. Bimal Udani as Non-Executive Independent Directors for a second 5 year term each. No resignations or governance issues were flagged.

Likely market impact

Routine governance approvals. Board continuity maintained with two independent directors retained and a new auditor appointed for 5 years.