Acquisition of Konkan Storage Systems completed - becomes wholly owned subsidiary

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AGARIND · price

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

-4.0%Reaction day

₹708.00

prior close

₹679.65

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-3.6% vs market

Petrochemicals peers, median of 12sector-1.1%-2.9% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 2.9 pts less than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-4.0-0.4-3.6-1.1-2.9

Next day

+3.3+1.4+1.9+1.2+2.1

+2.0+0.2+1.8+0.2+1.7

+2.7+3.9-1.2+1.6+1.1

+0.6+5.2-4.7+4.6-4.1

+2.0+4.2-2.2+4.9-2.9

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15d

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-25.8-0.7-25.1-1.6-24.3

-48.8-9.9-38.9-19.9-29.0

-39.1+9.9-49.0+2.2-41.2

UpDownMarket · Nifty Microcap 250Sector · Petrochemicals peers, median of 12Pending

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

AI summary

Agarwal Industrial Corporation has completed the acquisition of Konkan Storage Systems (Karwar) Private Limited. 100 percent of the paid-up equity share capital has been transferred, making Konkan Storage Systems a wholly owned subsidiary of the company. This is an update to the company's earlier filing made on July 08, 2025 under SEBI LODR Regulations.

Likely market impact

Acquisition is now complete, adding a new wholly owned subsidiary to expand the company's business footprint.