Rajoo Engineers Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 17, 2025.

Director Flagged GovernanceManagement Changes View source PDF Explain this filing

RAJOOENG · price

Loading chart…

▲ 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

-1.5%Reaction day

₹120.00

prior close

₹121.79

announcement price

After-mkt

timing

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

-2.5

10m

-2.3

15m

-2.0

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

Rajoo Engineers' board approved four key changes effective June 17, 2025. Mr. Hasmukhlal Ambavibhai Manavadaria was appointed as an Additional Independent Director for 5 years, bringing nearly three decades of experience in agricultural machinery. Mr. Rajesh N. Doshi was re-designated from Executive Director to Chairman of the Board, while Mr. Pratik R. Kothari was re-designated from Chairman to Non-Executive Non-Independent Director. Mr. Chintan B. Malkan, a 20-year finance veteran who has been with Rajoo for 17 years, was appointed as the new Chief Financial Officer. The board also noted BSE's earlier notice flagging non-compliance with Regulation 17(1) (board composition) for the quarter ended September 2024.

Likely market impact

The reshuffle strengthens the company's leadership and likely addresses the prior board composition non-compliance flagged by BSE. Internal promotion of Mr. Malkan as CFO signals continuity in financial operations, while adding a new Independent Director improves governance. The governance overhang from the BSE notice is a minor concern, but corrective action appears underway.