Promoter to sell 24.30% stake; control change expected

Promoter sold over 1%Promoter holding below 50%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

After-mkt

timing

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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

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

—-6.1—-6.4—

+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, currently holding 29.36% (22,83,705 shares), is selling 18,90,000 equity shares (24.30% of capital) to Omnia Appliances and three other acquirers for about Rs. 6.43 crores via SPA dated Oct 13, 2026. After the sale and a subsequent open offer, these buyers will become the new promoters of the company. The transaction is not a related party deal.

Likely market impact

Promoter selling a large 24.30% block; control of the company will change hands, which may cause share price volatility around the open offer.