Announced Mon, 16 Mar · 15:45 IST

The consent of the board be and is hereby accorded to appoint Mr. Saurabh Prydarshi, an associate Member of Institute of Company Secretaries of India having M. No.: ACS 41223, as a Whole ....

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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹15.46
prior close
₹14.69
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.4-8.7-10.9-12.7-8.4-9.4-8.7+0.2-14.6-10.4
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AI summary

Rajasthan Tube Manufacturing Company has appointed Mr. Saurabh Prydarshi as its Whole-Time Company Secretary and Compliance Officer, effective March 16, 2026. He is an Associate Member of the Institute of Company Secretaries of India (Membership No. ACS 41223). The company states this is the first time it is filling this position, as required under Section 203 of the Companies Act, 2013. The appointment was made on the recommendation of the Nomination and Remuneration Committee and approved by the Board in a meeting held on March 16, 2026. The company has also designated him as the Compliance Officer under SEBI Listing Regulations. Mr. Saurabh Prydarshi holds no shares in the company and is not related to any director.

Likely market impact

This is a routine compliance-driven appointment that brings the company in line with statutory requirements under the Companies Act and SEBI Listing Regulations. For shareholders, it strengthens governance by ensuring the company now has a dedicated Company Secretary and Compliance Officer, though it is a small-cap company and the event is unlikely to move the stock price materially.