The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 04, 2025 for India Steel ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.6 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
India Steel International Pvt Ltd, part of the promoter group of India Steel Works Limited, filed a revised disclosure under SEBI SAST Regulations on April 4, 2025, correcting earlier discrepancies in its December 10, 2024 filing. The original disclosure pertained to the release of 4,46,77,700 pledged shares (about 11.22% of total share capital) that were earlier encumbered in favor of Edelweiss Asset Reconstruction Company (India) Ltd as collateral for loans. Post-release, encumbered promoter shares dropped sharply from 4,54,87,600 shares (11.43%) to just 8,09,900 shares (0.20%) of total share capital. The corrections involved deleting an extra '% wrt diluted share capital' sub-column and adding a missing 'reasons for encumbrance' sub-column.
The release of pledged promoter shares reduces encumbrance risk significantly, from 11.43% to 0.20% of share capital, which is a positive signal for shareholders as it lowers the risk of forced selling or invocation. However, this is only a revised/clarified version of an event already disclosed in December 2024, so no new fundamental change is being announced.