Board approves re-appointment of MD Naynesh Pasari for 3 years

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

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

-2.4%Next day

₹103.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-4.1% vs market

Paper & Paper Products peers, median of 34sector+0.9%-3.3% vs sector

By the next day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.3 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 34Pending

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AI summary

The Board of Shree Krishna Paper Mills approved the re-appointment of Mr. Naynesh Pasari as Managing Director for 3 years, from August 10, 2026 to August 09, 2029. Mr. Pasari holds an MBA in finance from Walthan, USA, and has wide experience in the paper industry. He is the son of Whole Time Director Mr. Narendra Kumar Pasari. The re-appointment needs shareholder approval at the upcoming 54th AGM. He is not debarred from holding office by SEBI.

Likely market impact

Continued promoter family leadership at the company for 3 more years, subject to shareholder approval at the 54th AGM. No governance red flags raised.