Announced Fri, 19 Jun · 22:18 IST
Promoter Narendra Murkumbi renounces 46.15 lakh rights entitlements off-market
Ownership Changes View source PDF
RELTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.2%1-day move
₹169.00
prior close
₹177.02
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-5.0-5.3-5.9-6.2-4.3-4.4-2.8-2.4-2.3+3.1+3.5——
Up moveDown movePending
AI summary
Promoter and Director Narendra Madhusudan Murkumbi disclosed under SEBI insider trading rules that he renounced all 46,14,923 rights entitlements (23.27 percent entitlement) on June 18, 2026 via off-market renunciation. Transaction value was Rs 46.15 lakh. Post transaction, he holds zero rights entitlements, meaning he will not subscribe to the ongoing rights issue. His existing equity shareholding remains unchanged.
Likely market impact
Promoter skipping the rights issue may dilute his stake over time and increase free float, mildly negative signal on promoter confidence.