Re-appoints two promoter sons as WTDs, regularizes Independent Director

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-4.6%Reaction day

₹27.00

prior close

₹25.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-3.3% vs market

Residential, Commercial Projects peers, median of 61sector-1.1%-3.5% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.5 pts less than its Residential, Commercial Projects 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

+0.0

10m

+4.0

15m

-1.6

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.6-1.3-3.3-1.1-3.5

Next day

-5.6-1.3-4.3-1.0-4.6

-5.2+0.0-5.2-0.7-4.5

-1.7-0.2-1.5-0.6-1.2

-7.6-3.0-4.7-2.3-5.3

-0.0-2.7+2.7-0.8+0.8

-8.3-1.7-6.6-1.4-6.9

15d

-7.4-8.9+1.4-3.6-3.8

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 61Pending

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

AI summary

Prime Property Development Corp approved three board changes at the AGM on 30 Sept 2026. Mr. Nandkumar Chaugule, a 70 year old ex-Police officer, was regularized as Independent Director for 5 years. Mr. Manish Soni and Mr. Vishal Soni, sons of Chairman and Promoter P.L. Soni, were re-appointed as Whole Time Directors for 5 years each from 1 Aug 2026 to 31 Jul 2031.

Likely market impact

Continuity in management. Promoter family retains operational control. Addition of an Independent Director strengthens board oversight.