Postal ballot approves reclassification of promoter group firm to public

Ownership Changes View source PDF Explain this filing

RKFORGE · price

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▲ 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

-0.3%Reaction day

₹718.90

prior close

₹719.40

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.1%-0.2% vs market

Auto Components & Equipments peers, median of 122sector+0.2%-0.5% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.5 pts less than its Auto Components & Equipments 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

+1.0

10m

+1.0

15m

+1.5

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.1-0.2+0.2-0.5

Next day

-1.0+0.7-1.7+1.2-2.1

-1.7-0.7-1.0+0.3-2.0

-1.2-0.7-0.6+1.0-2.3

-1.8-2.3+0.5-0.4-1.4

-0.3-2.9+2.6-0.1-0.1

-3.4-3.8+0.4-2.0-1.4

15d

-3.5-2.4-1.0-3.3-0.1

-14.0-7.8-6.3-7.4-6.6

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UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 122Pending

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

AI summary

Shareholders approved via postal ballot the reclassification of Maa Chandi Financial Advisory Services (formerly Ramkrishna Rail and Infrastructure) from the promoter group to public category. Out of 114,997,957 shares voted, 93.81% voted in favor and 6.19% against. The resolution was passed with the required majority.

Likely market impact

Promoter group shareholding will reduce as this entity moves to public category. Total shares unchanged, only classification shifts.