Please find attached herewith intimation relating to GEML Loan being converted into equity shares of Bestway Agencies Private Limited.

Fund Raising View source PDF Explain this filing

GREAVESCOT · price

Loading chart…

▲ 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

-0.3%Reaction day

₹203.85

prior close

₹203.57

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-0.2% vs market

Compressors Pumps & Diesel Engines peers, median of 11sector+0.5%-0.8% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.8 pts less than its Compressors Pumps & Diesel Engines 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

+0.4

10m

-0.3

15m

-0.7

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.1-0.2+0.5-0.8

Next day

+4.2+1.3+2.9+2.0+2.2

+4.6+2.1+2.6+1.7+2.9

+3.6+2.5+1.1+2.4+1.1

+1.3+1.0+0.3+2.1-0.8

-0.0+0.6-0.6+1.2-1.2

-1.5-0.1-1.4-0.4-1.1

15d

+0.3+1.3-1.0+0.5-0.2

-1.8+2.1-3.8+4.1-5.9

+1.0-1.4+2.5-2.0+3.1

+7.2-0.1+7.3-1.3+8.5

UpDownMarket · Nifty Microcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 11Pending

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

AI summary

Greaves Cotton's material subsidiary Greaves Electric Mobility Limited (GEML) has converted a loan of about Rs. 94.86 crore into equity shares of Bestway Agencies Private Limited (BAPL), its wholly owned subsidiary. BAPL manufactures and supplies ELE brand E-Rickshaw and E-3Wheeler parts, with a turnover of Rs. 72.01 crore in FY25 (down from Rs. 95.07 crore in FY24). The conversion was completed on June 4, 2025, involves no cash outflow, and is aimed at strengthening BAPL's net worth by reducing its debt. BAPL continues to remain a wholly owned subsidiary of GEML after the allotment, and the transaction is classified as a related party transaction done at arm's length within the group structure.

Likely market impact

This is an internal group restructuring with no impact on Greaves Cotton's shareholding or consolidated financials at the top level. It strengthens the balance sheet of BAPL by converting debt into equity, which is a positive sign for the subsidiary's long-term stability, but is unlikely to materially move Greaves Cotton's stock price.