The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 11, 2025 for Mahananda Suppliers Ltd

Pledge ReleasedOwnership Changes View source PDF Explain this filing

INCREDIBLE · 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

+0.5%Reaction day

₹40.50

prior close

₹40.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+0.0% vs market

Iron & Steel Products peers, median of 90sector+0.3%+0.1% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 pts more than its Iron & Steel 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

+3.4

10m

+3.4

15m

+3.2

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.5+0.0+0.3+0.1

Next day

+1.5-0.1+1.6-0.1+1.6

+1.1-1.0+2.1-1.7+2.8

-0.7-1.3+0.7-1.8+1.1

+1.2-0.1+1.3-1.5+2.7

+0.9+1.3-0.3-0.5+1.5

-2.4+0.8-3.2-0.7-1.7

15d

-0.5+1.5-2.0+1.0-1.5

-7.7-3.0-4.7-3.3-4.4

-12.2-2.8-9.4-4.7-7.5

-19.1-12.4-6.7-13.3-5.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

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

AI summary

Mahananda Suppliers Limited, a promoter of Incredible Industries Ltd, has released a pledge on 8,625,763 shares (18.45% of total share capital) that were previously pledged with SREI Infrastructure Finance Limited. The release took place on December 9, 2025, and was reported to the stock exchanges on December 11, 2025. Before the release, the promoter had 16,600,000 shares (35.50%) encumbered; after the release, 8,625,763 shares (18.45%) remain encumbered. The shares of Incredible Industries are listed on NSE, BSE, and CSE.

Likely market impact

The release of pledged shares is generally a positive signal for shareholders, as it reduces the promoter's debt burden and lowers the risk of forced selling. The remaining pledged portion is now at 18.45%, which is a healthier level compared to the earlier 35.50%.