New Statutory Auditor Appointed to Fill Casual Vacancy

Management Changes View source PDF Explain this filing

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

+3.5%Reaction day

₹40.50

prior close

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announcement price

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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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Reaction day

+3.5+0.2+3.3-0.0+3.5

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+7.7+0.9+6.8+0.6+7.1

+2.3-0.8+3.0-0.3+2.6

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+8.3-7.5+15.8-8.3+16.7

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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

The Board has appointed M/s. S.D. Jain & Company, Chartered Accountants (FRN 121521W) as the new Statutory Auditor of the Company, replacing M/s. Bilimoria Mehta & Co. who resigned. Effective October 12, 2026, the appointment is subject to shareholder approval at the Extra-Ordinary General Meeting on November 5, 2026. If approved, the firm will serve a 5-year term until the conclusion of the 40th AGM in 2031.

Likely market impact

Routine succession of auditor. Watch the EGM outcome on November 5, 2026 for approval of the 5-year term.