Board approves reclassification of promoter DBG Leasing to Public category

Promoter holding below 50%Ownership Changes View source PDF Explain this filing

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

-4.2%Reaction day

₹21.90

prior close

₹21.89

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-5.2% vs market

Iron & Steel Products peers, median of 108sector+0.0%-4.2% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.2 pts less than its Iron & Steel Products 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

-0.4

10m

-4.1

15m

-4.5

30m

-5.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2+1.0-5.2+0.0-4.2

Next day

-0.9+0.8-1.7-0.2-0.8

-6.7-0.5-6.1-1.9-4.8

-4.1-0.5-3.6-2.9-1.2

-4.6+0.8-5.3-1.9-2.7

-6.4+0.5-7.0-1.1-5.3

-8.8-2.0-6.8-3.3-5.5

15d

-13.3-6.4-7.0-8.7-4.7

-14.4-5.9-8.5-8.8-5.6

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 108Pending

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

AI summary

Rathi Steel & Power board approved reclassifying DBG Leasing and Housing from Promoter to Public category under SEBI Regulation 31A. DBG lost control after NCLT cleared a Resolution Plan on June 13, 2025 under the Insolvency and Bankruptcy Code, with new management taking over. DBG holds under 10% voting rights with no board seat or special rights. Needs stock exchange and shareholder approval. Company already meets minimum public shareholding norms.

Likely market impact

Formalises change in promoter identity following insolvency resolution. Awaiting stock exchange and shareholder approval.