Announced Mon, 15 Jun · 15:09 IST
Promoter group raises stake to 46.04% via Rights Issue subscription
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+12.0%1-day move
₹15.30
prior close
₹16.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.3—+12.0+3.9-0.7-2.0+0.7-1.4-8.5-4.2——
Up moveDown movePending
AI summary
Promoter Harkirat Singh Ryait and 7 PACs disclosed acquisition of equity shares through a Rights Issue allotted on June 11, 2026. Promoter group's combined holding rose from 41.76% to 46.04% (60.6L to 2.0Cr shares). Harkirat Singh Ryait's individual stake jumped from 0.03% to 20.16%, and Jasbir Singh Ryait's rose from 4.00% to 10.97%. Equity share capital tripled from Rs 7.25Cr to Rs 21.77Cr, including partly paid-up shares of Rs 5 face value.
Likely market impact
Shows promoter confidence via full rights subscription. Combined holding at 46% leaves ~4% room before the 50% open offer trigger zone.