Promoter Mehboob Alam to sell 24.30% stake in Comrade Appliances

Promoter sold over 1%Ownership Changes View source PDF Explain this filing

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

+5.0%Reaction day

₹30.20

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+6.6% vs market

Consumer Electronics peers, median of 13sector-0.3%+5.3% vs sector

On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 5.3 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+5.0-1.6+6.6-0.3+5.3

Next day

+10.2-1.0+11.2+0.1+10.1

+12.4-2.6+15.0-1.9+14.3

+14.6-5.1+19.8-5.4+20.0

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+16.9-8.3+25.2-8.9+25.8

+21.6-6.4+28.0-7.2+28.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Consumer Electronics peers, median of 13Pending

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

AI summary

Promoter Mr. Mehboob Alam, holding 29.36% of Comrade Appliances, has signed a Share Purchase Agreement on October 13, 2026 to sell 18,90,000 shares (24.30% of paid-up capital) to four acquirers — Omnia Appliances, Graphic Promoters and Developers, Amaira Estate Advisors, and MLJ Aeternum — for about Rs. 6.43 crore. After open offer completion, the acquirers will be reclassified as new promoters of the company.

Likely market impact

Change of control incoming. Promoter stake drops from 29.36% to about 5%; new acquirers will be reclassified as promoters after open offer.