Board re-appoints MD M. S. Gilotra for one more year

Management Changes View source PDF Explain this filing

SAURASHCEM · price

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

-0.1%Reaction day

₹56.78

prior close

₹57.44

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+0.3% vs market

Cement & Cement Products peers, median of 37sector+0.2%-0.3% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.3 pts less than its Cement & Cement 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

-0.7

10m

-1.1

15m

-0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.4+0.3+0.2-0.3

Next day

+4.0+0.2+3.9+1.4+2.7

+0.5-0.1+0.6+0.7-0.2

-0.5+0.2-0.7-0.1-0.4

-2.2+0.5-2.8-0.9-1.3

-2.2-0.4-1.8-1.4-0.8

+0.3-0.4+0.7-1.4+1.7

15d

-7.7-2.5-5.2-6.2-1.5

-2.6+0.3-2.9-4.8+2.2

-17.1-9.4-7.7-11.5-5.6

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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 37Pending

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

AI summary

Saurashtra Cement board on 24 Aug 2026 approved re-appointment of Mr. M. S. Gilotra as Managing Director for one year, 1 Jan 2027 to 31 Dec 2027, subject to shareholder approval at the 68th AGM. Gilotra, 76, is a BITS Pilani Mechanical Engineering graduate with 40+ years in cement industry, including 21 years at ACC. He has been on the board since June 1995. He is not related to any director or promoter.

Likely market impact

Continuity at top as long-serving MD gets renewed, pending shareholder nod at AGM; no governance flags raised.