BSEMaxgrow India LtdHighNegative
Announced Fri, 31 Jul, 2026 · 10:17 IST

Promoter sells 2.82% stake to meet minimum public shareholding norm

Promoter Stake Sell 1pctOwnership Changes View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Foreign promoter Metal Industrial Pte. Limited off-market transferred 11,25,513 equity shares (2.82% of capital) to public shareholder Sadhana Uday Chourasia on July 28, 2026. Purpose is to comply with the Minimum Public Shareholding norms. Promoter holding fell from 92.82% to 90.00%; public shareholding rose from 7.18% to 10.00%. Revised disclosure filed with BSE.

Likely market impact

Promoter diluted by 2.82% to meet minimum public shareholding rules. Public shareholding now at 10%, improving float and liquidity.