Announced Wed, 17 Jun · 18:16 IST
Board approves promoter reclassification, Sanjay Singal becomes promoter
Ownership Changes View source PDF
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
+4.7%1-day move
₹11.94
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.7+9.8+16.0+10.3+12.8+3.5+4.6+3.0——
Up moveDown movePending
AI summary
Nova Iron and Steel board approved reclassification of three promoters (Aniket Singal, Priyanka Miglani, Radhika Dhoot) from Promoter to Public category. They hold 0 percent equity. Separately, Mr. Sanjay Singal was automatically classified as a Promoter after receiving 10,000 shares as a gift from Aniket Singal. Approvals are subject to BSE clearance.
Likely market impact
Technical reclassification with no real change in shareholding. The three outgoing promoters already held 0 percent. Minimal impact on stock.