Outcome of Board Meeting held on 20th January, 2026

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

+4.9%Reaction day

₹6.94

prior close

₹6.81

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+5.7% vs market

Paper, Forest & Jute Products peers, median of 21sector · industry level-0.8%+5.7% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.7 pts more than its Paper, Forest & Jute Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+7.1+0.7+6.3-1.8+8.9

+0.7-1.4+2.1-1.8+2.5

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UpDownMarket · Nifty Microcap 250Sector · Paper, Forest & Jute Products peers, median of 21Pending

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

AI summary

Pratik Panels Ltd held a board meeting on 20th January 2026 where two key changes were accepted. Mr. Pratik Satish Patil resigned as Whole-Time Director & CFO, and Mrs. Ashma Dilip Phadnis resigned as Non-Executive Independent Director, both citing other professional commitments. To fill these vacancies, the board appointed Mr. Swapnil Shimpi as the new Whole-Time Director & CFO for a 3-year term, and Mrs. Bhumika Nair as Additional Non-Executive Independent Director for a 5-year term. Both appointments are effective 21st January 2026 and are subject to shareholder approval at the next AGM. Mr. Shimpi brings 32 years of experience in Textile, Retail & FMCG industries, while Mrs. Nair brings 10+ years in the Healthcare/insurance sector.

Likely market impact

The simultaneous exit of the CFO and an independent director could create short-term governance uncertainty, but the company has appointed replacements immediately. Shareholders should watch for any additional disclosures on the reasons behind the resignations beyond 'professional commitments' and monitor the new appointees' performance at the upcoming AGM where their appointments will be ratified.