Announced Mon, 28 Sept, 2026 · 18:56 IST

Re-appointment of Chairman and Whole-Time Director at AGM

Management Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.3%Reaction day

₹38.99

prior close

₹39.77

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-2.3% vs market

Tyres & Rubber Products peers, median of 15sector-0.5%-0.7% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 0.7 pts less than its Tyres & Rubber Products 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

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+1.0-2.3-0.5-0.7

Next day

-3.7+0.8-4.5-0.2-3.5

+0.0-0.5+0.6+0.2-0.1

-1.4-0.5-0.8+0.3-1.7

-5.0+0.8-5.7+0.3-5.2

-3.2+0.5-3.7-0.0-3.1

-0.1-2.0+1.9-1.2+1.0

15d

-1.3-6.4+5.1-3.2+1.9

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UpDownMarket · Nifty Microcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

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

AI summary

At the 32nd AGM held on 28 September 2026, members approved the re-appointment of Mr. Ramesh Reddy Mereddy (DIN: 00025101) as Chairman and Whole-Time Director for a further period of three years, effective 31 July 2026. He has been on the board since 24 November 1993 and has extensive experience in the tyre retreading business. He is not related to any other director.

Likely market impact

Leadership continuity. Routine re-appointment of an existing director for three more years; no change in management control.