Sprayking reappoints Hitesh Dudhagara as Managing Director for 5 years

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

-1.6%Reaction day

₹1.29

prior close

₹1.31

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-2.2% vs market

Other Industrial Products peers, median of 25sector+0.1%-1.6% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Industrial Products 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

-0.8

10m

-2.3

15m

-0.8

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.6-2.2+0.1-1.6

Next day

-0.8+1.3-2.1-0.1-0.7

-1.6+1.7-3.3-0.3-1.2

-1.6+2.2-3.8-1.5-0.1

-3.9+2.1-6.0-1.3-2.6

-6.2+1.9-8.1-3.0-3.2

-6.2-1.3-4.9-4.7-1.5

15d

-7.8+1.3-9.1-2.7-5.0

-8.5-0.8-7.7-5.6-2.9

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 25Pending

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

AI summary

Sprayking Limited announced reappointment of Mr. Hitesh Pragajibhai Dudhagara as Executive Director and Managing Director for a 5-year term effective 04 March 2026, subject to shareholder approval at the upcoming general meeting. He has been a director since the company's incorporation and has over 15 years of experience in the brass industry. He also holds directorships in Narmadesh Metal Private Limited and Narmadesh Brass Industries Limited.

Likely market impact

Continuity in leadership at Sprayking; routine reappointment needing shareholder nod, no material change expected.