Announced Wed, 30 Sept, 2026 · 16:48 IST
Promoter Group buys 5% in Electrosteel Castings, holding crosses 54%
Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDFExplain this filing
ELECTCAST · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹74.16
prior close
₹74.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+5.5+2.7+2.7+0.9+1.7+6.6+6.3+0.2——————
Up moveDown movePending
AI summary
Promoter Group of Electrosteel Castings bought 3,08,88,721 shares (5% of capital) via open market between March and September 2026. Total promoter holding rose from 49.53% to 54.53%, crossing the 50% threshold. Acquisitions were spread across entities like Wilcox Merchants, members of the Kejriwal family, Tulsi Highrise and Electrosteel Thermal Coal.
Likely market impact
Promoter confidence boosted as group crosses 50% mark, signaling long-term commitment to the company.