Announced Thu, 3 Sept · 20:12 IST
Board appoints two directors, notes resignation and approves five transfers
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
+3.5%1-day move
₹57.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.5+3.5——+5.3—————
Up moveDown movePending
AI summary
Paresh Desai resigned as Non-Executive Director on 3 September 2026 for personal reasons. Ashish Kamdar was appointed Executive Director and Hiren Jain Non-Executive Director, pending shareholder approval. Five promoter-group slump sales were approved. Buyers: Valencia 75 percent and its MD 25 percent. Deals total about ₹9.07 crore before GST. The slump sale is mainly paid in shares, and shareholder approval is due by 31 March 2027.
Likely market impact
The board changes are broadly neutral. Promoter-linked sales require approval, and their pricing and execution may affect the stock.