Announced Thu, 10 Sept, 2026 · 18:05 IST
Board reshuffle: MD steps down due to illness, new MD appointed, auditor removed
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
-9.7%1-day move
₹20.50
prior close
₹21.45
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-8.6-9.0-2.1-2.1-9.7-12.2-14.1-14.7-17.4-25.4-33.6———
Up moveDown movePending
AI summary
Board meeting on 10.09.2026: Mr. Praturi Maruti Ram moved from Managing Director to Non-Executive Director due to illness. Ms. Swetha Pilli promoted from Whole Time Director to Managing Director. Statutory auditors M/s. K. K. Goel & Co. removed for non-cooperation, subject to approvals under Companies Act, 2013.
Likely market impact
Health-driven leadership change at the top, internal MD promotion, and mid-term auditor removal raise governance and continuity concerns for shareholders.