Announced Wed, 8 Apr · 11:52 IST
Promoters Confirm No Pledge on MM Forgings Shares for FY26
Ownership Changes View source PDF
MMFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.8%1-day move
₹409.00
prior close
₹431.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.0+0.1+0.3+6.8+8.8+8.5+13.7+10.8+17.9+19.8+20.8+9.5+22.7
Up moveDown movePending
AI summary
Promoter group Ramachandran's Family declared under SEBI Regulation 31(4) that their 12,58,984 shares in MM Forgings were not pledged or encumbered during FY ending March 31, 2026. Lakshmi Ramachandran holds 11,35,960 shares, Ajay Shankar holds 1,08,000, and Vijay Sundar holds 15,024 shares, all confirmed free of encumbrances.
Likely market impact
Positive governance signal — promoter shares are unencumbered, reducing risk of forced selling or margin calls.