Lohagiri Industrials acquires 14.91% stake via promoter group merger, corrigendum filed

Promoter bought stakeOwnership Changes View source PDF Explain this filing

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

+2.6%Reaction day

₹210.85

prior close

₹213.43

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%+1.4% vs market

Iron & Steel peers, median of 9sector+0.4%+2.3% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 2.3 pts more than its Iron & Steel 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

-0.1

10m

-0.1

15m

+0.3

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.3+1.4+0.4+2.3

Next day

+4.6+2.6+1.9+1.1+3.5

+7.7+2.7+5.0+2.9+4.7

+14.3+2.1+12.2+2.4+11.9

+14.8+1.6+13.2+1.2+13.6

+10.5+0.8+9.7+1.0+9.5

+15.2+2.2+13.0+7.1+8.0

15d

+9.8-1.6+11.5+5.6+4.2

+7.3-3.0+10.4+3.4+3.9

-3.8-1.6-2.2+12.5-16.3

-14.0-10.5-3.6-0.6-13.5

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel peers, median of 9Pending

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

AI summary

Lohagiri Industrials (promoter group) acquired 7,24,69,746 shares of Sandur Manganese via an NCLT-approved merger of three promoter entities into itself. Its stake rose from 3.28% to 18.19%. This corrigendum fixes an earlier filing error that misclassified Yashodaradevi Ghorpade under promoter instead of promoter group. Total promoter plus promoter group holding unchanged at 74.22%.

Likely market impact

Internal promoter group restructuring via court-approved merger. No change in aggregate promoter holding of 74.22%. No impact on minority shareholders.