Four outgoing promoters seek reclassification to public category

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

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

₹1.30

prior close

₹1.29

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+1.0% vs market

Civil Construction peers, median of 97sector-1.4%+1.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.4 pts more than its Civil Construction 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

+0.8

15m

+0.8

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-1.0+1.0-1.4+1.4

Next day

-2.3-0.4-1.9-1.3-1.0

+0.0-0.8+0.8-1.4+1.4

+0.0-1.9+1.9-2.7+2.7

+0.8-1.3+2.1-2.5+3.3

+1.5-1.0+2.5-2.3+3.8

-2.3-2.8+0.5-4.7+2.4

15d

-5.4+0.4-5.7-3.3-2.1

-9.2+2.4-11.7-5.7-3.6

-11.5+1.0-12.5-10.0-1.6

-8.5+1.8-10.2-11.7+3.3

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Four promoter shareholders (Anita Sureka, Lalit Sureka, Sanjay Kumar Drolia, and Sangita Sureka) have applied to BSE for reclassification from promoter category to public category under SEBI LODR Regulation 31A(10). The disclosure shows zero shares currently held by them. This is a formal regulatory step, typically done after promoters exit their stake.

Likely market impact

Promoter category effectively becomes empty. May reduce governance oversight and affect minority shareholder sentiment.