Relaxo Footwears board re-appoints six directors, AGM on Sep 24

Management Changes View source PDF Explain this filing

RELAXO · price

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▲ 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

-5.8%Reaction day

₹420.75

prior close

₹409.60

announcement price

After-mkt

timing

Nifty Microcap 250market+0.1%-5.8% vs market

Footwear peers, median of 9sector-0.0%-5.7% vs sector

On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 5.7 pts less than its Footwear 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

+0.2

10m

-0.7

15m

-0.3

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.8+0.1-5.8-0.0-5.7

Next day

-5.8+0.2-6.0-0.0-5.8

-9.0+0.6-9.6-0.0-8.9

-11.3-0.0-11.3+1.6-12.9

-10.6+0.5-11.1+0.4-11.0

-10.2+0.8-10.9-0.8-9.3

-12.7+0.6-13.2+0.3-12.9

15d

-17.8+1.3-19.1-1.8-16.0

-25.1-1.4-23.8-2.5-22.6

-28.7-0.6-28.1-9.6-19.1

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UpDownMarket · Nifty Microcap 250Sector · Footwear peers, median of 9Pending

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

AI summary

The board approved re-appointment of six directors and senior executives, including Co-CEOs Gaurav Kumaar Dua and Ritesh Dua, and Whole Time Director Nikhil Dua, with terms running to March 2029. The 42nd AGM is set for September 24, 2026. Ashish Nigam was added as Senior Management Personnel heading Central Purchase.

Likely market impact

Continuity at the top with promoter family members retained in key roles. Neutral for shareholders, subject to AGM approval.