42nd AGM concluded; all 3 resolutions passed with near-unanimous majority

Board & Shareholder Meetings View source PDF Explain this filing

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+2.0%Reaction day

₹68.62

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+3.3% vs market

Other Textile Products peers, median of 190sector-0.9%+2.9% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.9 pts more than its Other Textile 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

+2.0-1.3+3.3-0.9+2.9

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+4.0-1.3+5.3-1.3+5.3

+6.1+0.0+6.1-0.6+6.7

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+10.4-3.0+13.3-2.0+12.4

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+17.1-1.7+18.8-1.1+18.2

15d

+26.6-8.9+35.5-6.8+33.4

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 190Pending

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

AI summary

Arka Defence & Locomotives (formerly Source Industries India) held its 42nd AGM on 30 Sept 2026 via video conference. 55 of 28,746 shareholders attended. All 3 resolutions passed with 99.99% to 100% majority: adoption of FY26 audited financials, re-appointment of CMD Sudhir Reddy Posireddy (retiring by rotation), and appointment of Suresh Surana & Associates LLP as new statutory auditors to fill a casual vacancy.

Likely market impact

Smooth AGM with overwhelming shareholder support. New auditor and recent name change to Arka Defence suggest a strategic repositioning of the business.