MD re-appointed for one year, subject to shareholder approval

Management Changes View source PDF Explain this filing

SAURASHCEM · price

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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

-0.1%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

—————

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

Board has approved re-appointment of Mr. M. S. Gilotra as Managing Director for one year, from 1 Jan 2027 to 31 Dec 2027, subject to shareholder approval at the 68th AGM. Gilotra, aged 76, has over four decades of experience in the cement industry and has been on the board since June 1995. He is not debarred by SEBI or MCA.

Likely market impact

Leadership continuity; routine re-appointment needing shareholder nod. Neutral for the stock.