BSE rejects listing application for 59.63 lakh shares

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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

+1.7%Reaction day

₹65.49

prior close

₹67.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.5% vs market

Heavy Electrical Equipment peers, median of 34sector+0.1%+1.6% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.6 pts more than its Heavy Electrical Equipment 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

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10m

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15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7+0.2+1.5+0.1+1.6

Next day

+2.3+0.9+1.4+0.8+1.5

+1.1-0.8+1.9-1.3+2.3

+8.1-0.1+8.2-0.5+8.6

+5.4-1.7+7.1-2.0+7.3

-0.5-4.3+3.8-5.2+4.7

-2.6-7.5+4.9-8.8+6.2

15d

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

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

AI summary

BSE rejected Jyoti Ltd's application to list 59,63,636 equity shares allotted to Rare Asset Reconstruction Ltd on 2 May 2018 under the SARFAESI Act, citing lack of prior shareholder approval. After SAT and Supreme Court dismissed appeals, the company passed a special resolution in May 2025 and refiled in May 2026. The fresh application was also rejected on 12 October 2026. No financial impact. The company plans further legal action.

Likely market impact

The shares remain unlisted on the exchange. No financial impact disclosed. The company plans further legal steps.