Reappointment of Chairman, Vice Chairman and Managing Director for 5 years

Management Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+4.3%Reaction day

₹118.75

prior close

₹120.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+4.9% vs market

Other Textile Products peers, median of 179sector-0.6%+4.9% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 4.9 pts more than its Other Textile Products 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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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.3-0.6+4.9-0.6+4.9

Next day

+3.2+0.5+2.6+0.0+3.2

+3.2+1.9+1.3+0.5+2.7

+8.3+2.3+6.0+0.6+7.7

+7.7+3.6+4.0+0.8+6.8

+12.8+4.0+8.9+0.3+12.6

+15.7+4.0+11.8-0.0+15.8

15d

—+4.9—-0.4—

+27.8+5.9+21.8+0.3+27.5

+40.6+4.8+35.8-2.3+42.9

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 179Pending

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

AI summary

At the 69th AGM on 29 July 2026, shareholders approved reappointment of three directors for 5 years from 1 April 2027. Kishan Kumar Khaitan continues as Chairman. Dr. Mahendra Khaitan moves from Managing Director to Vice Chairman. Devesh Khaitan (son of Kishan Kumar Khaitan) is elevated from Joint Managing Director to Managing Director. All three also got 3-year remuneration approval. The company confirmed none are debarred by SEBI.

Likely market impact

Leadership continuity with clear succession as Devesh Khaitan elevated to MD. Three Khaitan family members lead the company for the next 5 years.