Stock exchanges reject promoter group reclassification request

Ownership Changes View source PDF Explain this filing

SHOPERSTOP · 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

+0.1%Reaction day

₹383.00

prior close

₹381.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.2% vs market

Diversified Retail peers, median of 9sector+0.2%-0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.2 pts less than its Diversified Retail 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

+0.6

10m

-0.5

15m

+0.4

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.3-0.2+0.2-0.2

Next day

+0.0+1.1-1.1-1.1+1.1

-0.8+1.3-2.1-1.0+0.2

-2.1+2.0-4.1-2.0-0.1

-2.3+0.3-2.7-4.2+1.9

-6.5+1.1-7.6-4.7-1.8

-12.7-3.2-9.4-7.2-5.4

15d

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UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 9Pending

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

AI summary

Four entities (Sundew Real Estate, Pramaan Properties, Content Properties, Sycamore Properties) had applied to be reclassified from Shoppers Stop's Promoter Group to Public category. BSE and NSE rejected the application on October 7, 2026, because Mindspace Business Parks REIT is their majority shareholder, and its sponsors hold a majority stake in Shoppers Stop. These entities will remain part of the Promoter Group.

Likely market impact

No change to promoter group composition. Shareholding structure remains unchanged. Neutral for shareholders.