The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 30, 2025 for Murtuza Shaukatali Mewawala

Pledge ReleasedPromoter Below 50pctOwnership Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+3.1%Reaction day

₹61.11

prior close

₹62.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.5%+1.6% vs market

Other Industrial Products peers, median of 24sector+1.5%+1.6% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Industrial 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

Stock

-4.3

10m

-2.7

15m

+0.0

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+1.5+1.6+1.5+1.6

Next day

+4.1-1.2+5.3-0.2+4.3

+4.9+0.1+4.9-0.6+5.5

-1.9-0.8-1.1-1.9-0.0

-2.0-0.9-1.1-3.4+1.4

+3.9+3.7+0.2+2.6+1.3

+6.9+7.1-0.2+4.9+2.1

15d

-0.1+11.2-11.3+9.1-9.3

+16.3+13.2+3.2+13.3+3.0

+9.0+15.5-6.5+14.8-5.8

+16.0+12.7+3.3+12.4+3.6

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 24Pending

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

AI summary

Promoter and Director Mr. Murtuza Shaukatali Mewawala has reported the release of 3,88,751 equity shares (1.70% of share capital) that were earlier pledged with Saraswat Cooperative Bank Ltd. The release happened in two tranches on April 24, 2025: 3,38,751 shares (1.48%) marked as pledge release and 50,000 shares (0.21%) as release from pledge. After this release, his total shareholding remains at 25,82,621 shares (11.33% of the company's share capital). The disclosure was filed under SEBI's SAST Regulations, 2011 with BSE on April 30, 2025.

Likely market impact

A pledge release is generally viewed as a positive signal as it reduces the promoter's financial burden and lowers the risk of forced selling. However, the quantum is small (just 1.70% of capital) and the promoter continues to hold pledged shares elsewhere, so the broader impact on the stock is likely limited.