Announced Fri, 23 Oct, 2026 · 18:22 IST
Promoters agree to sell 72.63% stake at Rs 30 per share
SHAIVAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Three promoter sellers signed an agreement on 23 October 2026 to sell 8,406,000 shares, equal to 72.63% of voting capital, to three buyers at Rs 30 per share, for Rs 25.22 crore. The conditional deal requires an open offer for public shareholders, although the offer price is not stated. If completed by 31 December 2026, the buyers will gain control, existing directors will resign and new directors will be appointed.
Likely market impact
Control transfer and board changes may lift volatility. An open offer is required, but its price and the deal conditions remain key for investors.