AGM approves re-appointment of auditor, MD and independent director

Management Changes View source PDF Explain this filing

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

+2.4%Reaction day

₹55.00

prior close

₹56.53

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+2.1% vs market

Civil Construction peers, median of 100sector+0.4%+1.9% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.9 pts more than its Civil Construction 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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Reaction day

+2.4+0.3+2.1+0.4+1.9

Next day

+2.2+1.1+1.1+0.7+1.5

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 100Pending

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

AI summary

At the 41st AGM on 30.09.2026, members approved: (1) Re-appointment of M/s. Hegde and Associates as Statutory Auditors for a second 5-year term until the 46th AGM. (2) Re-appointment of Dilip Varghese as Managing Director for 3 years from 14.08.2026. (3) Re-appointment of Krishan Kumar Kinra as Independent Non-Executive Director for a second 5-year term.

Likely market impact

Routine governance continuity. No new leadership or audit changes; existing MD, auditor and director retained for fresh terms.