Board approves 100% divestment of material subsidiary Shaan Agro Oils

Core business divestedStrategic Transactions View source PDF Explain this filing

SHANTI · price

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

+1.4%Reaction day

₹5.60

prior close

₹5.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.1% vs market

Other Agricultural Products peers, median of 58sector+0.7%+0.7% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.7 pts more than its Other Agricultural 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

+4.5

10m

+4.5

15m

-1.4

30m

+3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.3+1.1+0.7+0.7

Next day

+1.3-1.3+2.6-0.1+1.4

-1.8-0.3-1.5+0.3-2.0

-0.9-0.6-0.3-0.5-0.4

-1.4-1.8+0.4-1.1-0.3

-2.1-1.8-0.3-0.5-1.7

-2.5-0.8-1.7+0.5-3.0

15d

-1.8-4.1+2.3-2.1+0.3

-6.3-9.4+3.1-8.2+2.0

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UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 58Pending

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

AI summary

Shanti Overseas board approved divesting its full 100% stake in material subsidiary Shaan Agro Oils and Extractions, which contributed 51.13% (about Rs 962.94 Cr) of total income but had negative net worth of Rs 81.87 lakh. The 4,56,000 equity shares will be sold to Mr Abhishek Shivhare (not a related party) for a nominal Rs 4,560. Subject to shareholder approval by special resolution. Expected completion by October 30, 2026. Proceeds will be used for general corporate purposes.

Likely market impact

Removes a loss-making subsidiary that contributed over half of revenue. Cash inflow is negligible. Awaiting shareholder approval.