Board clears independent director appointment and related-party deal for shareholder vote

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

+18.4%Reaction day

₹1.14

prior close

₹1.14

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+18.0% vs market

Residential, Commercial Projects peers, median of 61sector-0.5%+18.9% vs sector

On the reaction day the stock moved 18.0 pts more than Nifty Microcap 250 and 18.9 pts more 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

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Reaction day

+18.4+0.4+18.0-0.5+18.9

Next day

+22.8+2.1+20.7+0.0+22.8

+14.0pendingpending+0.3+13.7

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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

At its October 24, 2026 meeting, the board approved Ms. Parul Rajesh (DIN 11923467) for regular appointment as an independent director, following her addition on September 3, 2026. It also approved a related-party transaction and sent both matters to shareholders by postal ballot. Mr. Alkesh Jalan will oversee the ballot.

Likely market impact

Shareholders will vote on the director appointment and related-party transaction. No financial terms are provided, so the stock impact cannot be assessed.