Board approves sale of wholly owned subsidiary Rexnord Enterprise Pvt Ltd

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+12.8%Reaction day

₹90.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+11.5% vs market

Industrial Products peers, median of 134sector+0.6%+12.2% vs sector

On the reaction day the stock moved 11.5 pts more than Nifty Microcap 250 and 12.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+12.8+1.3+11.5+0.6+12.2

Next day

+11.1-0.2+11.3-0.3+11.4

+17.7+0.1+17.6-0.2+17.9

+5.6-1.5+7.1-0.9+6.5

+10.0-0.5+10.5-1.4+11.4

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+2.8-2.0+4.8-2.6+5.4

15d

+17.2-3.4+20.6-4.4+21.6

+1.4-9.9+11.3-9.8+11.2

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 134Pending

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

AI summary

Board of Directors on Sept 19, 2026 approved disinvestment of entire holding in Rexnord Enterprise Private Limited (REPL), a wholly owned subsidiary. Board meeting ran from 4:30 PM to 6:00 PM. Further transaction details and agreement terms will be shared once the sale agreement is executed.

Likely market impact

Shareholders should await deal terms. Full exit from subsidiary may reduce consolidated revenue and reshape the company structure.