Announced Tue, 13 Oct, 2026 · 17:42 IST

Independent Director Mr. Rajesh Kapadia completes his tenure

Management Changes View source PDF Explain this filing

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

+2.0%Reaction day

₹194.95

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+1.3% vs market

Iron & Steel Products peers, median of 107sector+0.5%+1.5% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+0.7+1.3+0.5+1.5

Next day

+3.9-1.0+4.9-0.3+4.1

+6.0-0.3+6.2-0.2+6.2

+8.1-1.9+10.0-1.6+9.7

+7.7-4.5+12.2-3.7+11.4

+6.2-5.5+11.6-4.7+10.9

+2.1-7.3+9.4-8.1+10.3

15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 107Pending

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

AI summary

Mr. Rajesh Kapadia's first term as Independent Director of Steelco Gujarat ends on October 13, 2026 upon close of business hours. He also steps down from the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The reason is stated as completion of tenure. The company recorded appreciation for his contributions during his term.

Likely market impact

Routine board change due to term end, not a resignation. No immediate impact on shareholders expected. Watch for a successor appointment filing.