Shah Alloys to monetise closed steel plant and land assets

Core Business DivestedStrategic Transactions View source PDF Explain this filing

SHAHALLOYS · 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

+3.0%Reaction day

₹71.87

prior close

₹71.46

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+2.8% vs market

Iron & Steel Products peers, median of 99sector-0.5%+3.5% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.5 pts more 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

+2.2

10m

+0.0

15m

+2.3

30m

+4.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+0.2+2.8-0.5+3.5

Next day

+0.7+0.2+0.5-0.3+1.1

+3.0+0.4+2.6-0.1+3.1

+8.5+0.7+7.8-0.3+8.8

+12.4+0.1+12.3-0.4+12.8

+8.5+0.7+7.8-0.9+9.4

+9.4+1.2+8.3+0.0+9.4

15d

+48.7+0.7+47.9+2.0+46.6

+27.3-1.2+28.5+0.1+27.2

+8.7-1.1+9.9-1.8+10.5

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 99Pending

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

AI summary

Shah Alloys board will seek shareholder approval to sell, lease or monetise its closed steel plant and immovable assets at Santej, Gujarat. Steel operations were shut in July 2025 due to obsolete technology. Plant and machinery fair value estimated at Rs 44.19 crore. No buyer identified yet. Special resolution to be voted on at the 36th AGM.

Likely market impact

Company exiting core steel business and unlocking asset value. No buyer yet, so execution risk remains until shareholder approval and a deal are secured.