34th AGM results: All 4 resolutions passed with over 99.9% majority

Board & Shareholder Meetings View source PDF Explain this filing

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

-2.4%Reaction day

₹58.50

prior close

₹56.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.1% vs market

Auto Components & Equipments peers, median of 122sector-1.9%-0.5% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.5 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-1.3-1.1-1.9-0.5

Next day

-1.0-1.3+0.2-2.7+1.6

+0.9+0.0+0.8-2.0+2.8

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-7.7-3.0-4.7-4.2-3.5

-6.9-2.7-4.1-4.0-2.8

-5.6-1.7-3.9-3.5-2.1

15d

-8.1-8.9+0.8-8.8+0.8

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

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

AI summary

34th AGM held on September 28, 2026 via video conferencing. 57 of 7,530 shareholders attended. All 4 resolutions passed with over 99.97 percent votes in favor. Resolutions covered: adoption of FY26 audited financials, appointment of Mr. Mukesh Utsavlal Jain as Whole Time Director and Chairman, ratification of cost auditors remuneration, and approval of material related party transactions for FY27. Promoters abstained from voting on the related party transaction resolution.

Likely market impact

All key business items approved smoothly; management continuity maintained with Chairman reappointment.