Re-appointment of Managing Director 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's board has approved re-appointing Mr. M. S. Gilotra as Managing Director for one year, from 1 January 2027 to 31 December 2027. He has been on the board since June 1995 and his current term ends on 31 December 2026. The re-appointment needs shareholder approval at the upcoming 68th AGM. He is 76 years old, a Mechanical Engineering graduate from BITS Pilani, with over four decades of cement industry experience, including 21 years at ACC.

Likely market impact

Routine leadership continuity; re-appointment requires shareholder approval at the upcoming AGM.