Announced Wed, 2 Sept · 15:43 IST
Board approves MD re-appointment, AGM on Sep 29
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
-12.2%1-day move
₹29.49
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-12.2-10.8-3.0—-3.0-11.8————
Up moveDown movePending
AI summary
Board approved FY25-26 annual report items, with 21st AGM scheduled for Sept 29 via video conferencing. Re-appointed Pooja Naheta as Managing Director for 5 years, subject to shareholder nod. Also approved revision in remuneration for Executive Directors Pooja and Sarika Naheta, surplus fund investment in mutual funds, and alteration of Object Clause to enable investments in securities.
Likely market impact
Continuity at top with promoter MD re-appointed. Pay revision and parking surplus funds in mutual funds hint at healthy cash position. Neutral to mildly positive.