Postal Ballot approves re-appointment of Managing Director for 3 years

Management Changes View source PDF Explain this filing

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

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₹99.05

prior close

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announcement price

After-mkt

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Nifty Microcap 250market-1.3%+1.7% vs market

Other Electrical Equipment peers, median of 48sector-1.8%+2.2% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.2 pts more than its Other Electrical Equipment 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

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 48Pending

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

AI summary

Shareholders approved the re-appointment of Mr. Sohan Lal Agarwal as Managing Director for 3 years starting April 1, 2026 via postal ballot. Of 16.10 crore valid votes, 14.63 crore (90.86%) voted in favour and 1.47 crore (9.14%) voted against. Promoter group voted 100 percent in favour. Public non-institutional holders largely opposed (95.59 percent against), while institutional holders backed it (99.88 percent in favour). Resolution passed as special resolution.

Likely market impact

Continuity at top management confirmed. Sohan Lal Agarwal retained as MD for 3 more years from April 2026.