Announced Thu, 22 Oct, 2026 · 13:23 IST

Nidhi Granites receives 1.6 million shares in Jowela Exim

Corporate Actions View source PDF Explain this filing

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

+2.5%Reaction day

₹228.90

prior close

₹228.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+3.5% vs market

Other Construction Materials peers, median of 16sector-1.2%+3.7% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 3.7 pts more than its Other Construction Materials 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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10m

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15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5-1.0+3.5-1.2+3.7

Next day

+6.2-3.3+9.5-1.4+7.6

+10.5-2.9+13.5-1.3+11.8

-0.1-1.3+1.1+1.1-1.3

+5.7pendingpending+2.3+3.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 16Pending

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

AI summary

Nidhi Granites was allotted 1,600,000 equity shares of Jowela Exim, each with a face value of ₹10, under Jowela's rights issue. The shares were allotted on 15 October 2026. This makes Jowela Exim a subsidiary of Nidhi Granites.

Likely market impact

Nidhi Granites has expanded control over Jowela Exim, but the issue price, total investment and expected effect on earnings were not disclosed.