Two new Independent Directors appointed on the Board

Management Changes View source PDF Explain this filing

SHRIRAMPPS · price

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

-0.6%Reaction day

₹65.32

prior close

₹65.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.5% vs market

Residential Commercial Projects peers, median of 65sector-0.7%+0.2% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.2 pts more than its Residential Commercial Projects 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

+0.3

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15m

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30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-1.0+0.5-0.7+0.2

Next day

-4.5-3.3-1.2-3.5-1.1

-2.9-2.9+0.1-2.9+0.0

-2.0pendingpending-1.0-1.0

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

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

AI summary

Shriram Properties has appointed Mrs. Revathy Iyer and Dr. R. Seetharaman as Additional Directors and Non-Executive Independent Directors for 5 years effective October 22, 2026, subject to shareholder approval. Revathy Iyer is a former RBI central board member and ex-Dy. CAG. Dr. Seetharaman is the former CEO of Doha Bank (2007-2022) and a renowned banking and sustainability expert. Both are independent of existing directors and not debarred by any regulator.

Likely market impact

Strengthens the board with two highly experienced independent directors, potentially improving governance and oversight.