Promoter group member to sell up to 2.99 percent stake in open market

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

BANSALWIRE · price

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

-1.5%Reaction day

₹319.00

prior close

₹315.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.4% vs market

Iron & Steel Products peers, median of 101sector-0.1%-1.4% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.4 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.5-0.1-1.4-0.1-1.4

Next day

-1.3-0.7-0.5-1.5+0.3

+5.0-1.0+6.0-2.1+7.1

+6.6+0.0+6.5-2.3+8.8

+11.0+0.2+10.8-2.2+13.2

+7.6+1.1+6.5-1.8+9.4

+13.5+0.9+12.5-1.9+15.4

15d

-0.9+0.8-1.7-2.9+1.9

+0.7-0.8+1.5-3.7+4.4

+0.6+5.0-4.4-3.6+4.2

+0.9+5.0-4.1-1.6+2.5

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 101Pending

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

AI summary

Bansal Wire Industries promoter group member Mrinaal Mittal plans to sell up to 2.99 percent equity (46,82,916 shares of Rs 5 face value) in the open market. Purpose is to help the company meet the minimum 25 percent public shareholding rule under SEBI norms. Current promoter group holding is 77.99 percent (12,20,99,880 shares). Sale will happen between June 25 and August 31, 2026, in one or more tranches. Promoters have undertaken not to buy shares on sale dates.

Likely market impact

Possible short-term selling pressure as 2.99 percent promoter stake hits the market over June to August 2026. Helps meet public shareholding norms.