Announced Sat, 25 Jul · 18:58 IST
Board re-appoints CMD, Whole-time Director, and Independent Director; Q1 results approved
Management Changes View source PDF
MANYAVAR · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹403.15
prior close
₹412.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.9-1.6-1.4-2.2——————————
Up moveDown movePending
AI summary
Board approved Q1 FY27 unaudited results: revenue from operations at INR 3,013.65 million (up from INR 2,811.90 million YoY), net profit INR 806.11 million (vs INR 702.57 million), EPS INR 3.32. Also re-appointed Ravi Modi as Chairman and Managing Director, Shilpi Modi as Whole-time Director, and Manish Choksi as Non-Executive Independent Director, each for 5 years, subject to shareholder approval at the next AGM.
Likely market impact
Continuity at top leadership with promoter family at helm and experienced independent director retained. Modest YoY revenue and profit growth in Q1.