The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Kumar Singhania & PACs

Promoter bought stakeOwnership Changes View source PDF Explain this filing

MASTERTR · price

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

+3.9%Reaction day

₹160.00

prior close

₹162.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+4.2% vs market

Stockbroking & Allied peers, median of 33sector-0.8%+4.7% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.7 pts more than its Stockbroking & Allied 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

-1.2

10m

-1.4

15m

-1.2

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.9-0.3+4.2-0.8+4.7

Next day

+2.5-1.2+3.7-1.2+3.7

+0.5-1.0+1.5-1.1+1.6

+0.6-1.0+1.6-1.9+2.6

-0.3-0.3-0.0-1.1+0.8

+0.6-1.1+1.7-1.3+1.9

+2.5+1.6+0.9-0.8+3.3

15d

-3.8-0.2-3.6-2.8-1.0

-4.4+1.4-5.8-1.7-2.7

-12.5+0.2-12.7-2.0-10.5

-21.2+0.9-22.1-1.1-20.1

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 33Pending

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

AI summary

Promoter Rajinder Kumar Singhania along with Persons Acting in Concert (PACs) acquired 1,07,50,000 equity shares of Master Trust Limited on August 5, 2025, through conversion of their outstanding warrants via preferential allotment. The promoter group's combined holding rose from 69.24% to 71.93% of the company. Key individual changes include Rajinder Kumar Singhania increasing his stake from 21.36% to 23.35%, Harneesh Kaur Arora from 9.20% to 12.76%, and Chirag Singhania from 0.49% to 0.96%. The total equity share capital remained unchanged at Rs.12.30 crore (12,30,16,000 shares of Rs.1 each). No fresh shares were issued for public subscription; the conversion simply crystallised already-promised promoter equity.

Likely market impact

This signals strong promoter confidence and consolidates promoter control further in the company. While it is dilutive to non-promoter shareholders in terms of proportional ownership, the conversion involved no new cash infusion from the company, and promoters locked in their commitment by paying the full exercise amount.