ideaForge promoter Ankit Mehta pledges 2.8 lakh shares

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

IDEAFORGE · price

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

-4.5%Reaction day

₹731.20

prior close

₹700.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-4.5% vs market

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250, 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

-0.1

10m

-0.2

15m

-0.1

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-4.5+0.0-4.5

Next day

-1.0+1.3-2.3

-4.4+1.1-5.5

-7.8-1.7-6.1

-8.8-1.4-7.4

+0.6-0.6+1.2

+2.1+0.3+1.8

15d

-2.1-6.1+4.0

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Promoter and CEO Ankit Mehta has pledged 2,80,000 equity shares (about 0.56% of total share capital) of ideaForge Technology with InFina Finance Private Limited for personal financial needs. After this, his encumbered shares total 6,50,370 (1.30% of share capital), which is just 2.23% of his total promoter holding of 7.42%. The pledge is well below the 50% promoter holding and 20% total capital regulatory thresholds.

Likely market impact

Small pledge by one promoter for personal needs. Encumbrance is about 1.30% of total capital, well below thresholds, so limited impact.