Demise of Non-Executive Independent Director Mr. Swarnjit Singh

Management Changes View source PDF Explain this filing

SBCL · price

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

+1.0%Reaction day

₹1044.50

prior close

₹1032.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.6% vs market

Iron & Steel Products peers, median of 103sector-0.3%+1.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.3 pts more than its Iron & Steel 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

+1.0

10m

+1.0

15m

+1.1

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-0.6+1.6-0.3+1.3

Next day

+10.7+0.0+10.6+0.3+10.4

+6.9+0.7+6.2+0.5+6.4

+5.1+1.1+4.0+0.5+4.6

+6.0+1.6+4.4+0.6+5.5

+9.1+1.5+7.6+0.7+8.3

+4.2+1.4+2.8+0.0+4.2

15d

+9.9+0.4+9.5+1.8+8.1

+2.8-1.4+4.2-3.9+6.8

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

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

AI summary

Independent Director Mr. Swarnjit Singh (DIN: 07409567) of Shivalik Bimetal Controls passed away on September 1, 2026. The company has informed BSE and NSE under SEBI listing regulations. The board has expressed condolences to the bereaved family and will need to fill the vacant independent director position.

Likely market impact

A board vacancy will need to be filled. Minor governance concern until a replacement independent director is appointed.