Announced Wed, 13 May · 24:55 IST

Ratnaveer Precision Engineering Limited has informed the Exchange regarding Appointment of Mr. Kashyap Shah as Non- Executive Independent Director of the company w.e.f. May 12, 2026.

Management Changes View source PDF

RATNAVEER · price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close
+6.8%1-day move
₹170.00
prior close
₹172.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.2+4.5+4.4+5.2+6.8+4.6+7.4+6.2+8.1+7.1+0.8-1.9+5.9
Up moveDown movePending
AI summary

The Board of Directors of Ratnaveer Precision Engineering Limited has appointed Mr. Kashyap Shah as an Additional Director in the capacity of Independent Director, effective May 12, 2026. He is appointed for a term of 5 consecutive years, subject to approval by shareholders through a Special Resolution within 3 months. Mr. Shah is a founding partner of Kashyap Shah & Co. and KSPS & Co LLP, and is a Fellow member of ICSI and a registered Insolvency Professional with IBBI. He specializes in corporate advisory, listing compliances, and due diligence audits. The disclosure confirms he is not related to any existing directors or Key Managerial Personnel and is not debarred from holding the director position.

Likely market impact

This is a routine appointment of an independent director that strengthens the board's governance structure. The appointment brings expertise in corporate compliance and regulatory matters, which is generally positive for shareholders.