Promoter group restructuring: Lohagiri stake rises from 3.28% to 18.19%

Creeping Acquisition Near ThresholdPromoter Stake BuyOwnership Changes View source PDF Explain this filing

SANDUMA · 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

+3.1%Reaction day

₹204.50

prior close

₹204.20

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+3.4% vs market

Iron & Steel peers, median of 9sector-1.3%+4.4% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 4.4 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

-0.7

10m

-0.3

15m

-0.5

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1-0.3+3.4-1.3+4.4

Next day

+5.8+0.9+4.9+0.4+5.5

+7.8+2.3+5.5+1.0+6.8

+11.0+2.4+8.6+1.8+9.2

+17.8+1.8+16.0+1.1+16.7

+18.3+1.3+17.0+1.7+16.6

+17.8+0.4+17.3+3.2+14.6

15d

+8.6-1.1+9.7+4.8+3.7

+10.7-3.3+14.0+3.9+6.7

+2.2-0.5+2.7+14.4-12.2

-7.8-8.2+0.3+4.4-12.2

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, a promoter group entity, acquired shares in Sandur Manganese through an NCLT-approved merger of three promoter entities (Euro Industrial Enterprises, Sandur Sales and Services, Sandur Udyog) into itself. As a result, Lohagiri's stake rose from 3.28 percent to 18.19 percent of the company. Total promoter group holding remains unchanged at 74.22 percent. The acquisition was exempt from open offer under SEBI rules. Shares were credited on 15 December 2025.

Likely market impact

No change in total promoter control. Shares merely consolidated within promoter group. Minimal direct impact on minority shareholders.