Promoter group member demise disclosed, held no shares
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.8 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajputana Stainless informed the exchanges about the passing of Mrs. Nirmalaben Natvarlal Pithwa, a member of the promoter group. She held nil equity (0.00%) in the company and will cease to be part of the promoter group. Filed under SEBI LODR Regulations 30 and 31A.
No material impact on shares or promoter holding as the deceased held 0% equity stake.