MSP Steel board approves demerger of MSP Sponge manufacturing biz

Demerger ratio announcedAcquisition announcedStrategic Transactions View source PDF Explain this filing

MSPL · price

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▲ 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

-2.1%Reaction day

₹36.27

prior close

₹36.48

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-2.7% vs market

Iron & Steel Products peers, median of 102sector+0.7%-2.8% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.8 pts less 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

+1.2

10m

+1.4

15m

+1.4

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1+0.6-2.7+0.7-2.8

Next day

-2.2+1.3-3.5+0.8-3.0

-3.9+1.7-5.7+0.9-4.8

-3.3+2.2-5.5+0.2-3.4

-4.8+2.1-6.9+1.2-6.0

-4.7+1.9-6.5+1.0-5.7

-8.2-1.3-6.9-0.8-7.5

15d

-7.1+1.3-8.4+0.8-7.9

-13.0-0.8-12.2-2.2-10.8

-17.7-7.0-10.7-5.8-11.9

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 102Pending

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

AI summary

Board of MSP Steel approved draft scheme to demerge MSP Sponge Iron's manufacturing business into MSP Steel. Share swap ratio set at 5 MSP Steel shares for every 1 MSP Sponge share. Demerged undertaking has net worth of Rs 546.08 cr. Post-scheme promoter holding rises to about 59.52% from 45.12%. AGM scheduled Sept 30, 2026. Internal and cost auditors also appointed for FY27.

Likely market impact

Demerger combines similar businesses under listed entity. Share count will rise, promoter holding to increase. Subject to regulatory approvals.