The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 10, 2025 for Rameshchandra Mansukhani

Pledge ReleasedOwnership Changes View source PDF Explain this filing

MANINDS · price

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Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹284.39

prior close

₹283.39

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.6% vs market

Iron & Steel Products peers, median of 88sector+0.5%+1.0% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.0 pts more than its Iron & Steel 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

+0.6

10m

+0.7

15m

+1.1

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.8+0.6+0.5+1.0

Next day

+2.5+1.6+1.0+0.6+2.0

+2.1+3.1-1.0+2.1-0.1

+1.4+4.0-2.5+3.2-1.7

-0.1+4.0-4.1+3.3-3.4

-1.2+4.4-5.6+2.6-3.8

-4.2+1.6-5.8+0.6-4.7

15d

-7.9-1.7-6.2-5.0-2.9

+16.0+8.1+7.9+3.0+13.0

+36.0+13.3+22.8+5.5+30.5

+50.8+16.9+33.9+10.4+40.5

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 88Pending

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

AI summary

Promoter Rameshchandra Mansukhani disclosed the release of 16,30,000 equity shares (about 2.52% of total share capital) of Man Industries (India) Ltd from pledge. The shares were earlier pledged in favour of IDBI Trusteeship Services Limited (acting as Share Pledge Trustee) and were released on January 9, 2025, following instructions from HDFC Bank, the lender. Post-release, the promoter's pledged holdings stand at 65,00,000 shares (~10.04% of capital), down from 81,30,000 shares (~12.56%). The promoter continues to hold 1,12,54,992 shares (~17.39% of the company).

Likely market impact

Pledge release is generally viewed positively by investors as it reduces the risk of forced selling and signals easing of the promoter's debt obligations. The promoter's overall stake and control remain intact, so the move is unlikely to materially affect the stock price.