New statutory auditor K.B. Nambiar appointed for five year term at AGM

Management Changes View source PDF Explain this filing

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

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

+2.7%Reaction day

₹112.00

prior close

₹120.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+2.7% vs market

Pharmaceuticals peers, median of 173sector-0.7%+3.4% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.4 pts more than its Pharmaceuticals 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

-15.0

10m

-15.0

15m

-15.0

30m

-15.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+0.0+2.7-0.7+3.4

Next day

+1.6+1.3+0.3+0.6+1.0

-0.9+1.1-2.0+0.4-1.2

+0.0-1.7+1.7-2.3+2.3

+0.0-1.4+1.4-2.1+2.1

+0.7-0.6+1.3-2.5+3.2

-0.9+0.3-1.2-2.5+1.6

15d

-1.8pendingpending-4.4+2.7

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 173Pending

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

AI summary

At the 31st AGM on September 30, 2026, shareholders approved M/s. K.B. Nambiar and Associates as the new statutory auditors for a 5 year term ending at the 36th AGM. They replace Srinaga and Giridharan, whose second term as statutory auditors concluded at the 31st AGM. The Bengaluru based firm was established in 1985 and holds an ICAI peer review certificate valid until September 2028.

Likely market impact

Routine auditor rotation after end of term. Standard governance practice with no material impact on operations or financials.