Postal ballot seeks approval to liquidate German subsidiary MFT

Core business divestedStrategic Transactions View source PDF Explain this filing

PRECAM · 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

-5.2%Reaction day

₹230.90

prior close

₹219.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-5.9% vs market

Auto Components & Equipments peers, median of 106sector+0.2%-5.4% vs sector

On the reaction day the stock moved 5.9 pts less than Nifty Microcap 250 and 5.4 pts less than its Auto Components & Equipments 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

-0.1

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+0.0

15m

+0.1

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.2+0.8-5.9+0.2-5.4

Next day

-6.1+1.3-7.4+0.8-6.9

-5.3+2.0-7.3+1.2-6.5

-6.0+1.7-7.7+1.7-7.7

-9.3+2.1-11.3+1.6-10.8

-6.0+1.3-7.3+1.3-7.3

-9.9+0.7-10.6+2.5-12.5

15d

-14.2-1.6-12.5-0.4-13.8

-17.9-1.7-16.2-2.3-15.6

-17.2-0.2-17.0-1.6-15.6

-32.9-5.4-27.5-5.9-27.0

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 106Pending

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

AI summary

Precision Camshafts is seeking shareholder approval to dispose of its entire 100% indirect holding in German subsidiary MFT through insolvency proceedings. Customer call-offs fell sharply, causing severe cash flow and liquidity problems from June to August 2025. Remote voting runs September 16 to October 15, 2025, with results due by October 17. MFT is expected to cease to exist after liquidation.

Likely market impact

Approval would lead to MFT's liquidation and end the company's control. It signals serious stress at the German unit, but no expected loss or recovery value is disclosed.