Postal ballot sought for chief executive appointment and remuneration

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

-4.2%Reaction day

₹8.84

prior close

₹8.95

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.7%-4.9% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+0.1%-4.3% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Midcap 150 and 4.3 pts less than its Telecom - Cellular & Fixed line services 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

-1.6

10m

-2.0

15m

-3.5

30m

-6.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2+0.7-4.9+0.1-4.3

Next day

+4.5+1.1+3.4+2.1+2.4

+2.5+0.4+2.1+1.4+1.1

+2.4+1.2+1.2-0.4+2.8

+2.1+1.6+0.5+1.7+0.5

-1.7+1.6-3.3+0.5-2.2

-0.6+1.9-2.4-1.4+0.8

15d

+6.8+3.1+3.7-2.9+9.6

+4.6+2.4+2.2-4.4+9.0

+16.3+2.0+14.3-1.0+17.3

+31.2+5.2+26.0+9.1+22.1

UpDownMarket · Nifty Midcap 150Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

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

AI summary

The board approved a postal ballot seeking shareholder approval of Abhijit Kishore as chief executive officer for three years from 19 August 2025. Electronic voting runs from 13 October to 11 November 2025, and results are scheduled for 12 November 2025.

Likely market impact

Shareholders will vote on the appointment and remuneration. Approval would formalize his role, while rejection could delay or undo it.