Promoter releases pledge on 30% of Keerthi Industries shares

Pledge ReleasedPromoter 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

-7.2%Reaction day

₹41.50

prior close

₹40.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-7.1% vs market

Cement & Cement Products peers, median of 34sector-0.6%-6.6% vs sector

On the reaction day the stock moved 7.1 pts less than Nifty Microcap 250 and 6.6 pts less than its Cement & Cement 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

—

10m

-3.8

15m

-3.8

30m

-3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.2-0.2-7.1-0.6-6.6

Next day

-5.8+0.2-6.0-1.5-4.3

+6.5+0.4+6.2-2.0+8.5

-3.6+0.4-4.0-1.9-1.8

+1.2+0.6+0.6-3.1+4.3

-3.6+0.9-4.6-3.2-0.5

-5.5+0.9-6.4-3.3-2.2

15d

+0.8+0.9-0.1-5.5+6.3

+0.0+2.3-2.3-8.3+8.3

+5.8-1.1+6.9-13.7+19.5

—————

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

Promoter and Managing Director Seshagiri Rao Jasti has released a pledge on 24,05,021 equity shares of Keerthi Industries, equal to 30% of the company's paid-up capital. His total holding stays unchanged at 30,81,559 shares (38.44%), but all of his shares are now free of any encumbrance. No shares were bought or sold in the market; this is purely a pledge release.

Likely market impact

Positive signal. Pledge release lowers financial risk on promoter holdings and frees up 30% of paid capital from encumbrance.