BSEMaxgrow India LtdHighNegative
Announced Fri, 31 Jul, 2026 · 10:17 IST
Promoter sells 2.82% stake to meet minimum public shareholding norm
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.