Board Meeting: AGM on Sep 28, New Independent Director, MD Re-appointed

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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

+0.0%Reaction day

₹34.20

prior close

₹34.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.7% vs market

Iron & Steel Products peers, median of 104sector-0.0%+0.0% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and in line with its Iron & Steel 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

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10m

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15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.7-0.7-0.0+0.0

Next day

+3.8+1.1+2.7+0.3+3.6

-1.3+1.6-3.0+0.1-1.4

+2.3+1.5+0.9+0.7+1.7

+7.3+1.3+6.0+0.5+6.7

+6.7+1.4+5.3+0.2+6.5

+16.3-2.1+18.4-2.4+18.8

15d

+28.6-0.9+29.5-1.5+30.0

+21.7-1.4+23.1-4.8+26.5

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

Board meeting outcomes: 35th AGM fixed for Sep 28, 2026; Annual Report and Director's Report approved. Mr. Hardik Makwana resigned as Independent Director citing professional commitments. Mr. Viral Snehal Chinai appointed as Additional Non-Executive Independent Director for 5 years. Mr. Ashok Maganlal Mehta re-appointed as Managing Director for 5 years, subject to shareholder approval.

Likely market impact

Routine governance. MD re-appointed for continuity. One independent director exits for personal reasons, no red flags. AGM on Sep 28.