Promoter cuts stake by 2.82% to meet minimum public shareholding rules

Promoter Stake Sell 1pctOwnership Changes View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

Foreign promoter Metal Industrial Pte. Limited off-market transferred 11,25,513 shares (2.82%) to public shareholder Ms. Sadhana Uday Chourasia on July 28, 2026, to meet Minimum Public Shareholding rules. Promoter holding fell from 92.82% to 90.00%; public shareholding rose from 7.18% to 10.00%, now meeting the 10% MPS threshold.

Likely market impact

Stock now meets the 10% minimum public shareholding requirement. Promoter remains controlling at 90%, so no governance shift.