Announced Wed, 22 Jul · 12:53 IST
Board approves sale of entire undertaking; EGM on 4 Aug 2026
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
-0.4%1-day move
₹38.95
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.4-0.3+0.1———————
Up moveDown movePending
AI summary
The board approved a proposal to sell or transfer movable assets that may amount to disposal of substantially the whole undertaking of the company under Section 180(1)(a) of the Companies Act, 2013. The sale is subject to shareholder approval at an Extra-Ordinary General Meeting on 4 August 2026. Related party transactions may be entered into in connection with the deal. The board meeting ran from 11:30 AM to 12:40 PM on 22 July 2026.
Likely market impact
Major asset sale proposal pending shareholder vote on 4 Aug; could materially change the scale and nature of company operations.