Independent Director Dipali Sheth appointed Non-Executive Chairperson

Management Changes View source PDF Explain this filing

SPANDANA · price

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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

-11.9%Reaction day

₹297.00

prior close

₹288.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-12.3% vs market

Finance peers, median of 403sector · industry level-0.2%-11.7% vs sector

On the reaction day the stock moved 12.3 pts less than Nifty Microcap 250 and 11.7 pts less than its Finance 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

-1.4

10m

-2.4

15m

-3.2

30m

-8.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-11.9+0.4-12.3-0.2-11.7

Next day

-10.5+1.8-12.3+0.2-10.7

-10.4+0.5-10.9+0.0-10.4

-10.2+0.9-11.2+0.0-10.2

-12.4+0.3-12.8+0.0-12.4

-12.5+1.4-13.9+0.0-12.5

-13.7+3.2-16.9+0.9-14.6

15d

-17.1+5.4-22.4-0.4-16.7

-19.3+6.4-25.7-1.1-18.3

-23.9+6.3-30.2-2.5-21.3

-38.8-3.6-35.2-9.3-29.5

UpDownMarket · Nifty Microcap 250Sector · Finance peers, median of 403Pending

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

AI summary

Board appointed existing Independent Director Ms. Dipali Hemant Sheth as Non-Executive Chairperson. Also approved Q1 FY27 results: standalone profit of Rs 16.09 cr versus Rs 328.91 cr loss a year ago; total income rose to Rs 279.78 cr from Rs 264.18 cr. Net worth Rs 2,208 cr, capital adequacy 28.65%. Rs 485 cr raised via debentures in April yet to be deployed.

Likely market impact

Smooth internal governance elevation. Q1 return to profit after a large prior-year loss is a positive signal for shareholders.