MD Nikhil Khandelwal re-appointed for 3 years from Sep 1, 2026

Management Changes View source PDF Explain this filing

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

-2.1%Reaction day

₹60.70

prior close

₹59.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.1% vs market

Stockbroking & Allied peers, median of 38sector+0.3%-2.5% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.5 pts less than its Stockbroking & Allied 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

-2.4

10m

-2.4

15m

+0.0

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-0.1-2.1+0.3-2.5

Next day

-1.2-0.2-0.9+0.0-1.2

-2.1+0.1-2.2+0.0-2.1

-4.1+0.3-4.4+0.3-4.4

-1.2+0.4-1.5+0.8-2.0

-2.4+0.5-2.9+0.2-2.6

-3.1+0.3-3.4-0.3-2.8

15d

-4.6+1.9-6.5+0.9-5.5

+17.1+2.2+15.0+0.6+16.5

+22.7-1.2+23.8+0.4+22.3

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 38Pending

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

AI summary

Board re-appointed Mr. Nikhil Khandelwal as Managing Director for 3 more years effective Sep 1, 2026, subject to shareholder approval at AGM on Sep 22, 2026. Also approved Q1 FY27 results showing standalone net loss of Rs 6.19 crore vs Rs 3.52 crore loss YoY, and consolidated net loss of Rs 4.89 crore vs Rs 10.46 crore profit YoY. Total income stood at Rs 382 lakhs standalone and Rs 5,893 lakhs consolidated.

Likely market impact

Leadership continuity provides stability, but weak Q1 results with widening losses may weigh on sentiment.