Announced Mon, 20 Jul · 19:15 IST
Board approves re-appointment of MD and Independent Director
Management Changes View source PDF
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
+0.9%1-day move
₹10.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.9+0.4+0.0-0.3-0.9—————
Up moveDown movePending
AI summary
Board approved re-appointment of Mr. Mahendra Ramniklal Shah as Managing Director for 5 years (Aug 10, 2026 to Aug 9, 2031) and Mr. Sanjay Chunilal Vibhakar as Independent Director for a second 5 year term till June 20, 2031. Both need shareholder approval at the upcoming general meeting.
Likely market impact
Routine re-appointments signal leadership continuity. Both require shareholder approval at the upcoming general meeting.