Announced Tue, 8 Sept · 16:01 IST
New statutory auditor and Managing Director appointed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹39.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.4+12.1+23.4+35.7+42.5+57.0————
Up moveDown movePending
AI summary
Prime Industries board appointed M/s. Akshay Singhla and Associates as the new statutory auditor to fill the casual vacancy caused by the resignation of M/s. Bhushan Aggarwal and Co. It also appointed Mr. Sanjeev Malik, a textile industry veteran with 30 years of experience, as Additional Director designated as Managing Director, subject to shareholder approval.
Likely market impact
Auditor change fills a casual vacancy, routine in nature. New MD brings 30 years of textile industry experience to lead the company.