Promoter Shree Praful Patel of Radhe Developers passes away

Ownership Changes View source PDF Explain this filing

Price

Loading chart…

▲ 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

-4.2%Reaction day

₹1.44

prior close

₹1.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-4.5% vs market

Residential, Commercial Projects peers, median of 62sector-0.1%-4.1% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 4.1 pts less than its Residential, Commercial Projects 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

+0.7

10m

+0.7

15m

+0.7

30m

+3.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2+0.3-4.5-0.1-4.1

Next day

-0.7-0.7-0.0-1.2+0.5

-2.8-1.2-1.5-0.9-1.9

-2.1-0.7-1.4-0.6-1.5

+0.7+0.0+0.7-0.9+1.6

-0.7+0.4-1.1-0.5-0.2

+1.4+0.8+0.6-1.2+2.6

15d

-2.8-0.0-2.7-3.0+0.2

-2.8-0.8-2.0-4.5+1.7

—————

UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 62Pending

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

AI summary

Radhe Developers (India) Ltd has informed BSE about the demise of its Promoter, Shree Praful Patel, aged 88 years, on August 30, 2026. The intimation was filed under SEBI LODR Regulations 30 and 31A(6)(c). The filing does not mention any immediate change in shareholding or board composition. Transmission of his promoter shares to legal heirs will follow as per applicable succession and SEBI rules.

Likely market impact

No immediate change in shareholding. Promoter stake will transfer to legal heirs under succession rules, which may raise leadership continuity questions.