Announced Tue, 30 Jun · 14:16 IST

Major board overhaul as promoters exit post Share Purchase Agreement

Cfo ResignedMultiple Ind Directors ResignedKmp ResignedPromoter Family Board EntryManagement Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-4.0%1-day move

₹138.10

prior close

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base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-4.0-2.2+2.5—-5.1-10.2-3.4———

Up moveDown movePending

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.