Re-appointment of CMD Mr. Mahendra Raycha for 3 years

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

+0.0%Reaction day

₹3.19

prior close

₹3.15

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.3% vs market

Pharmaceuticals peers, median of 165sector-0.0%+0.0% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and in line with its Pharmaceuticals 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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10m

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15m

+1.6

30m

+1.6

Sessions after the filingfrom the prior close

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Reaction day

+0.0+1.3-1.3-0.0+0.0

Next day

+1.6+1.6-0.1+0.1+1.4

-0.6+1.7-2.3+0.4-1.0

-0.3+1.6-1.9+1.1-1.4

-0.6+1.5-2.1+1.2-1.8

-1.6+1.8-3.4+1.0-2.6

-2.2+2.1-4.3+0.5-2.7

15d

-3.1+3.2-6.3+0.2-3.3

+3.4+3.7-0.3+1.7+1.8

-0.6+1.1-1.7+1.2-1.8

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 165Pending

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

AI summary

Board approved re-appointment of Mr. Mahendra C Raycha as Chairman and Managing Director for 3 years (1 July 2026 to 30 June 2029) at Rs 2 lakh per month plus perquisites. He is 73 years old and a promoter holding 12.29 percent stake. Re-appointment is needed because he crossed age 70 and requires a special resolution from shareholders at the AGM on 28 August 2026. Notice of AGM and 21 August record date were also approved.

Likely market impact

Leadership continuity with promoter MD re-appointed. Shareholders must approve by special resolution at AGM on 28 August for it to take effect.