Relicab Cable re-appoints founder Suhir Shah as Managing Director and CFO for 3 years

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

-1.3%Reaction day

₹35.34

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+0.0% vs market

Other Electrical Equipment peers, median of 52sector-0.6%-0.7% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.7 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 52Pending

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AI summary

Mr. Suhir Shah, founder of Relicab Cable, has been re-appointed as Managing Director and Chief Financial Officer for a 3-year term from September 11, 2027 to September 10, 2030. The Board recommended the re-appointment on August 14, 2026, and members approved it at the AGM on September 30, 2026. Mr. Shah, aged 66, holds a B.Com and has 48 years of experience. He founded the cable business in 1999 as Reliance Cable Corporation. He is not debarred by SEBI or any authority.

Likely market impact

Leadership continuity with founder at the helm for 3 more years. Combining MD and CFO roles may raise corporate governance concerns among minority shareholders.