DEVOLVEMENT OF THE RIGHT ISSUE OF THE COMPANY DUE TO UNDER SUBSCRIPTION OF THE ISSUE.

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

-4.9%Reaction day

₹10.54

prior close

₹10.02

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-4.8% vs market

Trading & Distributors peers, median of 126sector+0.0%-4.9% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 4.9 pts less than its Trading & Distributors 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.9-0.1-4.8+0.0-4.9

Next day

-4.6+0.4-5.0+0.0-4.6

-5.1+0.7-5.9+0.0-5.1

-5.6+0.2-5.8+0.0-5.6

-3.8+0.4-4.2+0.0-3.8

-4.8+1.6-6.5+0.7-5.5

-11.2+2.4-13.6+0.0-11.2

15d

-17.6-0.6-17.0-2.8-14.7

-28.5-4.6-23.9-4.7-23.7

-6.6-2.1-4.5-4.1-2.6

-15.6-3.5-12.0-4.8-10.8

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 126Pending

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

AI summary

Newtrac Foods & Beverages Ltd has informed the exchange that its rights issue has devolved because it did not receive enough subscriptions from shareholders. Devolvement means the unsubscribed portion has to be picked up by the promoters or underwriters as per their commitments. The exact quantum of undersubscription and details of the promoter's/underwriter's take-up are not specified in the headline. This development typically points to weak investor demand for the company's fundraising effort.

Likely market impact

This is a negative signal for retail investors, as it reflects poor market appetite for the company's equity and may pressure the stock in the short term. Shareholders should watch for any further announcements regarding the devolved shares and the implied dilution.