Promoter shareholders reclassified to Public category

Ownership Changes View source PDF Explain this filing

HGM · 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

-0.0%Reaction day

₹42.52

prior close

₹42.70

announcement price

After-mkt

timing

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

IT Enabled Services peers, median of 78sector-0.9%+0.9% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 0.9 pts more than its IT Enabled Services 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

+3.0

10m

+3.0

15m

+3.0

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.0-1.5+1.5-0.9+0.9

Next day

-1.0-1.2+0.2-0.4-0.6

-0.9-2.8+1.9-1.7+0.8

-1.2-1.8+0.6-2.9+1.8

-0.0-2.0+2.0-3.1+3.1

-5.7-3.3-2.4-3.6-2.0

-8.0-2.0-6.0-2.5-5.5

15d

-3.5-3.9+0.4-3.8+0.3

-10.2-10.7+0.6-10.5+0.3

—————

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 78Pending

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

AI summary

HGM Limited has reclassified three shareholders from Promoter/Promoter Group to Public category under Reg 31A of SEBI LODR. Total 814,246 shares (6.46%) reclassified, including Stern Capital Partners LLC at 5.51% and Surinder Rametra at 0.95%. Members approved the move on Sept 18, 2026, and the reclassification was effected in the depository system on Sept 23, 2026, confirmed by the Registrar KFin Technologies.

Likely market impact

Promoter group stake effectively drops by 6.46%; these shares move into the public float, which could slightly improve liquidity.