Board approves promoter S K Sridhar's reclassification request

Ownership Changes View source PDF Explain this filing

BGRENERGY · price

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

+5.5%Reaction day

₹267.00

prior close

₹279.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+3.8% vs market

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250, 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

+1.0

10m

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15m

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30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.5+1.7+3.8

Next day

+10.6+1.8+8.8

+7.0+2.5+4.5

+5.7-0.1+5.7

+3.0+1.4+1.6

+8.6+1.6+7.0

+10.5pendingpending

15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

The board approved applying to NSE and BSE for permission to reclassify promoter S K Sridhar from promoter to public shareholder. He confirmed that he meets the required conditions and will continue complying with them. The change is not yet effective and remains subject to exchange approval.

Likely market impact

No shares are being sold. If approved, S K Sridhar's holding will count as a public holding, changing the company's promoter and public holding percentages.