Savita Oil Tech appoints Ajay Reche as Whole-time Director, AGM on Aug 31

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

-4.0%Reaction day

₹439.80

prior close

₹424.15

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-2.9% vs market

Lubricants peers, median of 6sector-2.0%-2.1% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.1 pts less than its Lubricants 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

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10m

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15m

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30m

-1.5

Sessions after the filingfrom the prior close

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Reaction day

-4.0-1.1-2.9-2.0-2.1

Next day

-0.8-0.0-0.8-1.8+1.0

+19.4+0.2+19.2-1.2+20.7

+28.7+1.1+27.6+0.7+28.0

+27.1+1.1+26.0+1.1+26.0

+23.4-0.9+24.3-0.3+23.7

+26.0-0.5+26.5-0.7+26.6

15d

+34.0+7.1+26.9+5.0+29.0

+16.6+6.5+10.1+4.2+12.5

+43.5+7.9+35.6+16.2+27.3

+72.8+11.2+61.6+10.7+62.1

UpDownMarket · Nifty Microcap 250Sector · Lubricants peers, median of 6Pending

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

AI summary

Savita Oil Technologies board has appointed Mr. Ajay Reche as Additional Director in the Whole-time Director category, effective June 1, 2026, until September 30, 2030. The appointment is subject to shareholder approval at the upcoming AGM. Mr. Reche has been with the company since August 2019 as Head of Human Resources, and brings over 29 years of experience in personnel management, industrial relations, and HR development. He holds a B.Tech in Agricultural Engineering and a post-graduate qualification from TISS. The board also fixed August 31, 2026 as the date for the 65th AGM, to be held via video conferencing.

Likely market impact

Internal promotion to the board signals continuity in HR leadership. No immediate material impact on shareholders; subject to AGM approval.