Announced Fri, 17 Jul · 13:48 IST
Board notes shareholders rejected re-designation and pay proposals for two directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹42.45
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.4+4.1+3.0+0.1-0.4—————
Up moveDown movePending
AI summary
The board noted that shareholders did not approve the re-designation and revised remuneration of Mr. Ranjan Jain and Mr. Suninder Veer Singh through postal ballot. Their existing appointments and remuneration, approved on 9 April 2022, will continue on existing terms until 8 March 2027. The revised remuneration approved at the EGM on 20 January 2025 will also remain in force till that date.
Likely market impact
Shareholders rejected revised pay terms, signalling governance concerns. Existing terms continue, which may worry investors about board accountability.