Pledge released on 2.6 crore promoter shares

Pledge releasedOwnership Changes View source PDF Explain this filing

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

+0.5%Reaction day

₹2.03

prior close

₹2.01

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.7% vs market

Other Textile Products peers, median of 184sector-0.0%+0.5% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.5 pts more than its Other Textile 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

+0.5

10m

+0.5

15m

+0.5

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5-0.2+0.7-0.0+0.5

Next day

-1.5+0.2-1.7-0.5-1.0

+0.5+0.4+0.1-0.8+1.3

-1.0+0.4-1.4-0.6-0.4

-1.0+0.6-1.5-0.7-0.3

-3.4+0.9-4.4-0.7-2.7

-1.5+0.9-2.3-1.1-0.4

15d

-5.9+0.9-6.8-1.5-4.5

-10.3+2.3-12.7+0.0-10.3

+2.5-1.1+3.6-4.4+6.9

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 184Pending

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

AI summary

Promoter Mr. Bhavik Suryakant Parikh has fully released the pledge on 2,60,00,000 equity shares (5.77% of total share capital) that were pledged with M/s Comfort Fincap Limited. Post-release, the promoter has zero encumbered shares. Total promoter holding remains at 3,55,37,035 shares or 7.89% of share capital.

Likely market impact

Reduces pledge risk on the stock. Promoter retains 7.89% stake with no encumbered shares, signaling improved financial flexibility.