Secretarial Auditor passes away; new auditor appointed

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Price

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

+4.3%Reaction day

₹1.86

prior close

₹2.03

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+4.1% vs market

Other Textile Products peers, median of 191sector+0.0%+4.3% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.3 pts more than its Other Textile 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

-14.8

10m

-14.8

15m

-3.4

30m

-6.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.3+0.3+4.1+0.0+4.3

Next day

+8.6+0.5+8.1-0.4+9.0

+12.9+0.1+12.8-0.2+13.1

+3.2+0.7+2.6-0.4+3.6

+2.7+0.4+2.3-0.4+3.1

+8.6+0.7+7.9-0.5+9.1

+8.6+0.1+8.5-0.3+8.9

15d

+10.2+1.5+8.8-0.5+10.7

+0.5+0.3+0.3-2.1+2.7

-15.1-6.2-8.9-5.6-9.5

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 191Pending

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

AI summary

The company's Secretarial Auditor, Mr. Ashok Patel of M/s. Ashok Patel and Associates, passed away on 16th August 2026, creating a casual vacancy. The Board, on the Audit Committee's recommendation, appointed Mrs. Gayatri Vaibhav Phatak of M/s. G.S. Bhide & Associates as the new Secretarial Auditor for five years covering FY 2026-27 to FY 2030-31, subject to shareholder approval at the next AGM.

Likely market impact

Routine governance transition. New auditor has 10+ years of experience in corporate and SEBI compliance. No direct operational or financial impact.