Maharashtra-based SME stock plunges 20% as MD gets shot, director taken in police custody

August 1, 2026

In an exchange filing, GSM Foils said the firing incident took place in the Naikpada area in Vasai-Virar, located near Mumbai. After getting injured in the incident, the company said that Parmar received prompt medical attention and is presently under proper medical care. His health condition was reported to be stable and improving.

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