Saudi joint venture Degat Alebtikar closed and deleted

Strategic Transactions View source PDF Explain this filing

KONSTELEC · price

Loading chart…

▲ 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

-1.9%Reaction day

₹49.10

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.3%+0.4% vs market

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250, 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

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.9-2.3+0.4

Next day

-6.8-1.9-4.9

-11.4pendingpending

———

15d

———

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Konstelec Engineers' Saudi joint venture, Degat Alebtikar Company Ltd., was closed and marked deleted on 21 October 2026. The partners cited geopolitical developments in the Middle East and related business considerations. The EPC venture had nil turnover, income and net worth in the last financial year. No consideration was received.

Likely market impact

No material impact is expected because the joint venture made no revenue or net worth contribution in the last financial year.