Reappointment of Mr. Vilas Katwa as Managing Director approved at 33rd AGM

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

-7.6%Reaction day

₹103.90

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-7.5% vs market

Cement & Cement Products peers, median of 34sector-0.4%-7.2% vs sector

On the reaction day the stock moved 7.5 pts less than Nifty Microcap 250 and 7.2 pts less than its Cement & Cement Products 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

-7.6-0.1-7.5-0.4-7.2

Next day

-3.8+0.3-4.0-1.0-2.7

-6.4+1.6-7.9-0.0-6.3

-2.8+0.1-2.9-1.2-1.6

-7.5+0.3-7.9-0.9-6.6

-9.5-1.2-8.3-2.2-7.3

-3.8-0.5-3.3-4.2+0.4

15d

-6.7-2.2-4.5-8.0+1.4

-22.0-6.6-15.4-9.7-12.2

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

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

AI summary

Shareholders at the 33rd AGM on 18 September 2026 approved the reappointment of Mr. Vilas Katwa as Managing Director under Section 196(2) of the Companies Act. He holds an MBA from University of Massachusetts, Boston, and owns about 21.64 lakh equity shares. He is the brother of Chairman Venkatesh Katwa, confirming continued family leadership at the company.

Likely market impact

Existing MD reappointed; no change in leadership. Family-controlled management structure continues unchanged.