Submission of Minutes of the Reclassification of Promoter Not Involved in the Management of the day to day Business Affairs of the Company from "Promoter & Promoter Group Category" to "Public ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.3 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board of Kisan Mouldings Ltd, at its meeting on January 27, 2026, approved the reclassification of Ms. Bindiya R Aggarwal from the 'Promoter & Promoter Group' category to the 'Public' category. She holds 1,49,433 shares, representing just 0.13% of the company's paid-up equity share capital. The rationale cited is that she is not involved in the day-to-day business affairs of the company, and Kisan Mouldings has become a subsidiary of Apollo Pipes Limited. The reclassification is subject to approval from shareholders and stock exchanges (BSE) under SEBI LODR Regulation 31A.
This is a minor corporate housekeeping event — the outgoing promoter holds only 0.13% of shares, so the practical impact on shareholding pattern and stock price is negligible. It signals housekeeping after Kisan Mouldings became a subsidiary of Apollo Pipes Limited, and requires shareholder and BSE approval to be effective.