Promoters sell 1.75% stake via open market

Promoter Stake Sell 1pctOwnership Changes View source PDF Explain this filing

Price

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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

-19.6%Reaction day

₹12.12

prior close

₹11.51

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-21.0% vs market

Iron & Steel Products peers, median of 103sector+0.6%-20.2% vs sector

On the reaction day the stock moved 21.0 pts less than Nifty Microcap 250 and 20.2 pts less than its Iron & Steel 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

Stock

-0.1

10m

-7.0

15m

-7.0

30m

-8.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-19.6+1.3-21.0+0.6-20.2

Next day

-34.7+1.8-36.4+1.2-35.8

-41.2+3.1-44.3+1.4-42.5

-46.2+3.5-49.7+1.3-47.5

-39.8+3.5-43.3+0.5-40.2

-39.9+3.4-43.3+0.5-40.3

-38.5+3.6-42.2-0.1-38.4

15d

-41.1+4.9-45.9-0.4-40.6

-46.4+4.4-50.8+2.8-49.2

-52.6+2.9-55.5+3.4-56.0

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

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

AI summary

Promoter Pawan Kumar Mittal and Promoter Group member Rukmani Devi Mittal sold 220,000 equity shares (1.75% of capital) via open market between 23 June and 28 July 2026. Pawan sold 170,000 shares and Rukmani sold 50,000. Combined PAC holding fell from 18.14% to 16.39%.

Likely market impact

Promoter selling may signal profit booking or weaker conviction. Combined PAC holding fell from 18.14% to 16.39%, still well above takeover thresholds.