EGM on November 5 to appoint new auditor S.D. Jain and Company

Board & Shareholder Meetings View source PDF Explain this filing

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₹40.50

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+3.3% vs market

Iron & Steel Products peers, median of 106sector-0.0%+3.5% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 3.5 pts more than its Iron & Steel Products 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 · Iron & Steel Products peers, median of 106Pending

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

AI summary

Company has called an EGM on 5 November 2026 at 9:30 AM at its Matunga, Mumbai office. Two resolutions are tabled: (1) appoint M/s S.D. Jain and Company as Statutory Auditors for 5 consecutive years until the 40th AGM in 2031, and (2) appoint them to fill the casual vacancy caused by the resignation of prior auditors M/s Bilimoria Mehta and Co on 14 August 2026. S.D. Jain will hold office from 12 October 2026. Remuneration will be decided by the Audit Committee and Board.

Likely market impact

Routine auditor change after previous auditor resigned. Governance matter with no material impact on operations or shareholders expected.