MD Naynesh Pasari re-appointed for 3 years till August 2029

Management Changes View source PDF Explain this filing

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

-2.4%Next day

₹103.00

prior close

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announcement price

After-mkt

timing

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.

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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

—+1.3—+0.1—

Next day

-2.4+1.6-4.1+0.9-3.3

—+1.7—+0.2—

-2.4+1.6-4.1+0.9-3.3

+2.4+1.5+1.0+0.1+2.3

—+1.8—+0.9—

+1.5+2.1-0.6-0.9+2.4

15d

-5.8+3.2-9.0-1.4-4.4

-7.8+3.7-11.5+4.6-12.4

-4.0+1.1-5.1+0.1-4.1

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

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

AI summary

Board approved re-appointment of Mr. Naynesh Pasari as Managing Director for 3 years from August 10, 2026 to August 09, 2029. He holds an MBA in Finance from Walthan, USA, and has wide experience in the paper industry, finance, and accounting. He is the son of Mr. Narendra Kumar Pasari, Whole Time Director. Re-appointment needs shareholder approval at the 54th AGM.

Likely market impact

Leadership continuity for 3 more years; subject to shareholder nod at the 54th AGM.