Saurashtra Cement re-appoints M.S. Gilotra as Managing Director for 2027

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

-1.4%Reaction day

₹53.74

prior close

₹53.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+0.1% vs market

Cement & Cement Products peers, median of 37sector-0.8%-0.6% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.6 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

-0.3

10m

-0.4

15m

-0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-1.5+0.1-0.8-0.6

Next day

+2.9-1.2+4.1-1.3+4.2

-0.9-2.8+1.8-3.2+2.2

-0.3-1.8+1.4-4.3+3.9

+1.4-2.0+3.4-3.7+5.1

-1.4-3.3+1.9-4.9+3.5

-4.5-2.0-2.5-5.0+0.4

15d

-6.0-3.9-2.1-6.1+0.1

-12.4-10.7-1.7-9.3-3.1

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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

Members at the AGM on September 23, 2026 approved the re-appointment of Mr. M.S. Gilotra as Managing Director for the period January 1, 2027 to December 31, 2027. Mr. Gilotra, aged 76, has been on the board since June 1995 with over four decades of experience in the cement industry, including 21 years with ACC. He currently oversees day-to-day operations. Mr. Hemang Dhirendra Mehta was also re-appointed as Non-Executive, Non-Independent Director.

Likely market impact

Continuity at the top. Routine re-appointment signals stable leadership, likely neutral to mildly positive for shareholders.