Rajoo Engineers Limited has informed the Exchange about comment of the Board of Directors on BSE Notice dtd. May 14, 2025.

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RAJOOENG · price

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

-1.5%Reaction day

₹120.00

prior close

₹121.79

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.2% vs market

Industrial Products peers, median of 109sector-0.4%-1.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.1 pts less than its Industrial Products 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

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10m

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15m

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30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.3-1.2-0.4-1.1

Next day

-3.2-2.1-1.1-2.5-0.7

-2.5-1.8-0.7-1.8-0.7

-3.3-1.6-1.8-2.1-1.3

-5.4-1.1-4.3-0.9-4.5

-3.0+0.8-3.9-0.7-2.4

+0.9+1.4-0.5-0.5+1.3

15d

+0.6+2.5-1.9+0.5+0.1

+13.8+4.0+9.8+1.1+12.6

-15.3-0.9-14.3-6.2-9.1

-20.0+2.1-22.1-1.6-18.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 109Pending

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

AI summary

BSE issued a notice dated May 14, 2025 to Rajoo Engineers for non-compliance with Regulation 17(1) of SEBI Listing Regulations for the quarter ended September 2024, due to failure to appoint a new Independent Director in place of a retiring one. BSE imposed a fine of Rs. 64,900 (including GST) on the company. The Board, at its meeting on June 17, 2025, responded that the 11-day delay was due to technical difficulties with no malafide or wilful intention. The Board has advised management to ensure timely compliance going forward.

Likely market impact

The fine amount is very small (Rs. 64,900) and the company has attributed the lapse to technical issues rather than wilful default, so the impact on shareholders is minimal. However, recurring compliance lapses with board composition norms could attract investor scrutiny on governance practices.