Board approves disposal of Cyprus subsidiary Raleal Holdings

Strategic Transactions View source PDF Explain this filing

JINDALSAW · 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

-1.9%Reaction day

₹245.50

prior close

₹231.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.0%-2.0% vs market

Iron & Steel Products peers, median of 98sector+0.1%-2.1% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 2.1 pts less 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

+0.8

10m

+2.2

15m

+2.4

30m

+4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.0-2.0+0.1-2.1

Next day

-6.5+0.5-7.0+0.0-6.5

-8.6+0.1-8.7-0.8-7.8

-5.6+1.1-6.7+1.0-6.5

-4.9+1.3-6.2+0.2-5.1

-1.2+3.1-4.3+0.8-2.0

-0.8+4.3-5.1+1.5-2.3

15d

-10.6-0.2-10.4-2.0-8.6

-1.3+1.7-3.0-2.3+0.9

+6.3+5.4+0.9-1.4+7.7

+5.0+6.2-1.2-3.2+8.2

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 98Pending

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

AI summary

Jindal Saw's board approved disposing of Raleal Holdings Limited, its 100% Cyprus subsidiary, either by sale or liquidation. The subsidiary had nil revenue and a negative net worth of Euro 9.76 million as of March 31, 2026. No buyer, consideration, or completion timeline has been decided yet. The transaction is not a related party deal.

Likely market impact

Minimal financial impact as subsidiary has no revenue and negative net worth; likely a clean-up move to shed a loss-making entity.