Syncom Formulations: MD appointed, family board changes confirmed at AGM

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

SYNCOMF · 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

-4.0%Reaction day

₹23.99

prior close

₹24.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-4.0% vs market

Pharmaceuticals peers, median of 173sector-0.7%-3.3% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.3 pts less than its Pharmaceuticals 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

+0.9

10m

+1.6

15m

+0.5

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0+0.0-4.0-0.7-3.3

Next day

-3.1+1.3-4.4+0.6-3.7

+4.4+1.1+3.3+0.3+4.1

-1.7-1.7+0.0-2.3+0.6

-3.0-1.4-1.6-2.1-0.9

-3.4-0.6-2.8-2.5-0.9

-6.7+0.3-7.0-2.4-4.3

15d

-13.7pendingpending-4.3-9.4

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 173Pending

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

AI summary

Syncom Formulations shareholders at the 38th AGM on Sept 30, 2026 confirmed three board changes: (1) Rahul Vijay Bankda, from the promoter group and son of the past Managing Director, appointed as Managing Director effective Aug 12, 2026; (2) Rinki Ankit Bankda, spouse of current Chairman Ankit Kedarmal Bankda, appointed as Whole Time Director effective Aug 12, 2026; (3) Ruchi Jindal reappointed as Woman Independent Director for a second five-year term from June 28, 2027 to June 27, 2032.

Likely market impact

Promoter family tightens control with two new executive director seats; boosts continuity but increases related-party board concentration.