Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 (*SEBI LODR ) and based on the recommendation of the Nominationand Remuneration Committee, the Board of Directors of the Company, at its meetingheld today, i.e. 12" October 2026 has, inter alia considered and approved appointmentof Mr. Anurag Tiwari as Managing Director Designate, as a Senior ManagementPersonnel of the Company with effect from 16th October 2026.The designation Managing Director Designate as a Senior Management Personnel isintended solely to denote the proposed transition and succession arrangement and doesnot constitute or create a separate statutory office under the Companies Act, 2013.
According to primary filings and dispatches highlighted by NSE India, the latest move impacts key counters including relevant market segments. Market analysts note that volume activity and corporate disclosures indicate significant retail and domestic institutional engagement with the development.
Terminal indicators suggest a balanced risk-reward profile, with institutional participants waiting for confirmation from subsequent quarterly prints or macro cues. Range-bound consolidation is expected in the near term as market participants digest the broader ramifications of the announcement.
Investors and intraday participants are advised to monitor official exchange disclosures on BSE and NSE, alongside subsequent management commentary. ZeroLive will continue monitoring real-time order book developments, price action triggers, and regulatory updates as they unfold.