Major board overhaul as promoters exit post Share Purchase Agreement

Cfo ResignedMultiple Ind Directors ResignedKmp ResignedPromoter 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

-4.1%Reaction day

₹138.10

prior close

₹132.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-5.1% vs market

Gems, Jewellery And Watches peers, median of 36sector-0.0%-4.0% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 4.0 pts less than its Gems, Jewellery And Watches 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.1+1.0-5.1-0.0-4.0

Next day

-4.0+1.2-5.2-0.8-3.2

-2.2+2.1-4.3-1.0-1.2

+2.5+1.7+0.7-0.9+3.4

—+1.9—-1.6—

-5.1+1.2-6.4-1.8-3.3

-10.2+1.1-11.3-1.7-8.6

15d

-3.4+1.6-5.0-3.1-0.3

+8.4+0.1+8.3-3.5+12.0

+3.9+6.6-2.7-5.1+9.0

+3.2+5.5-2.3-3.3+6.5

UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 36Pending

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

AI summary

Simandhar Impex announced complete board and management overhaul on June 30, 2026, following a Share Purchase Agreement dated January 14, 2026 between existing promoters and acquirers. Resignations: Managing Director Prashant Vora, Chairperson Harsh Vora, two Independent Directors, CFO Gaurav Baid, and Company Secretary Saloni Shah. New appointments: Chairperson Chandraprakash Wadhwani (promoter, NRI from Farmico Group), CEO Lalit Nagdev, CFO Amit Ninawe, two new Independent Directors, and Secretarial Auditor Deepti Joshi and Associates.

Likely market impact

Full promoter and management change signals takeover completion. All new director appointments need shareholder approval at the next general meeting.