78th AGM concluded; dividend declared, new Executive Director appointed

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SHERVANI · price

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

-9.2%Reaction day

₹357.90

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-10.2% vs market

Residential, Commercial Projects peers, median of 62sector+0.0%-9.2% vs sector

On the reaction day the stock moved 10.2 pts less than Nifty Microcap 250 and 9.2 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-9.2+1.0-10.2+0.0-9.2

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 62Pending

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

AI summary

Shervani Industrial Syndicate held its 78th AGM on 28 September 2026 in Prayagraj. Members approved audited financial statements for FY ending March 2026 and declared a dividend for that year (amount not specified). Mr. Saleem Iqbal Shervani was re-appointed as Director retiring by rotation, and Mr. Bal Krishna Misra was appointed as Whole-time Director designated as Executive Director. All six resolutions are deemed passed subject to the scrutinizers report.

Likely market impact

Routine AGM outcome. Dividend declared but amount undisclosed; new Executive Director onboarded.