Re-appointment of Mr. Nrupesh Shah as Managing Director - Corporate Affairs

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

-7.8%Reaction day

₹788.50

prior close

₹724.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-6.4% vs market

Household Appliances peers, median of 23sector-1.5%-6.3% vs sector

On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250 and 6.3 pts less than its Household Appliances 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-7.4-0.9-6.5-1.8-5.6

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-10.1+9.3-19.4-0.4-9.6

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UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 23Pending

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

AI summary

Symphony Limited's board reappointed Mr. Nrupesh Shah as Managing Director - Corporate Affairs for another 5 years, pending shareholder approval. The company reported a consolidated net loss of ₹141 crores for FY 2025-26 versus a profit of ₹213 crores in the previous year. Revenue fell to ₹1,131 crores from ₹1,576 crores. The loss was primarily due to a ₹173 crore goodwill impairment related to Climate Holdings Pty Ltd (Australia) and restructuring charges. Despite the loss, the board recommended a final dividend of ₹5 per share, bringing total FY25-26 dividend to ₹9 per share. The board also decided to abort the planned divestment of its Australian (CHPL) and Mexican (IMPCO) subsidiaries.

Likely market impact

The reappointment provides leadership continuity amid significant restructuring charges and overseas business underperformance. The ₹9/share total dividend signals confidence despite the net loss, though shareholders may be concerned about the large goodwill impairment and declining revenues.