Sanjiv Shroff re-appointed as Managing Director for 3 more years

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

-2.7%Reaction day

₹129.40

prior close

₹126.03

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-2.5% vs market

Other Textile Products peers, median of 184sector+0.0%-2.7% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.7 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-2.7-0.2-2.5+0.0-2.7

Next day

-6.6+0.2-6.8-0.5-6.1

-7.4+0.4-7.7-0.8-6.6

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-14.1-1.1-13.0-4.2-9.9

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 184Pending

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

AI summary

Board of Reliance Chemotex Industries has approved re-appointment of Mr. Sanjiv Shroff as Managing Director for a further 3 years, from September 1, 2026 to August 31, 2029, subject to shareholder approval. Shroff has been with the company since 1983 and MD since 1988. His sons Rahul and Ameya Shroff are also Executive Directors on the board.

Likely market impact

Continuity in leadership as the long-serving MD gets renewed. No immediate material impact on shareholders, pending shareholder approval.