Postal Ballot results: Chaitanya Rathi appointed as Non-Executive Non-Independent Director

Management Changes View source PDF Explain this filing

SULA · 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

+0.3%Reaction day

₹130.05

prior close

₹132.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.1% vs market

Breweries & Distilleries peers, median of 25sector-0.2%+0.5% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.5 pts more than its Breweries & Distilleries 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

-0.5

10m

-1.3

15m

-0.4

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.3+0.1-0.2+0.5

Next day

+2.6+1.1+1.5+0.1+2.5

+2.0+1.3+0.7+0.2+1.8

+5.3+2.0+3.3+1.2+4.2

+6.1+0.3+5.8+0.8+5.3

+4.8+1.1+3.7+1.0+3.8

+1.3-3.2+4.6-4.0+5.4

15d

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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

AI summary

Sula Vineyards shareholders approved two resolutions via postal ballot (e-voting from 8 Sep to 7 Oct 2026). Mr. Chaitanya Rathi (DIN: 07705302) was appointed as Non-Executive Non-Independent Director with 99.75% votes in favour. Payment of commission to him was also approved with 99.72% support. Total votes polled were about 3.76 crore out of 8.44 crore outstanding shares (around 44.5%). Promoters voted 100% in favour. Both resolutions passed with requisite majority.

Likely market impact

Brings Chaitanya Rathi onto the board as a non-independent director; approval was overwhelming so minimal price impact expected.