Buyback of 21.5 lakh shares at Rs 1,380 approved by shareholders

Corporate Actions View source PDF Explain this filing

KAJARIACER · 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

+2.1%Reaction day

₹1165.40

prior close

₹1170.60

announcement price

In-mkt

timing

Nifty Smallcap 250market-0.6%+2.7% vs market

Ceramics peers, median of 10sector-1.8%+3.9% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Smallcap 250 and 3.9 pts more than its Ceramics 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

-0.0

10m

-0.0

15m

+0.1

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-0.6+2.7-1.8+3.9

Next day

+3.2-0.4+3.6-2.2+5.4

+2.8-0.8+3.6-2.6+5.4

+3.2-1.3+4.5-1.8+5.1

+3.8-0.7+4.6-3.3+7.2

+3.0-0.3+3.3-2.0+5.0

+3.4+0.8+2.6-1.2+4.6

15d

+6.0+1.4+4.6-7.5+13.5

+4.4-1.1+5.5-7.5+11.9

+3.5+2.9+0.5-11.6+15.1

+4.3+3.1+1.1-10.9+15.2

UpDownMarket · Nifty Smallcap 250Sector · Ceramics peers, median of 10Pending

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

AI summary

Shareholders approved a buyback of up to 21.5 lakh equity shares at Rs 1,380 per share via the tender offer route, aggregating up to Rs 296.70 crores. This represents 1.35 percent of total paid-up equity capital. The special resolution passed with 97.82 percent votes in favour and just 2.18 percent against. Promoters hold 47.69 percent of the company currently.

Likely market impact

Modest buyback worth about Rs 296.70 cr, 1.35 percent of capital. Likely mild positive for eligible shareholders near record date.