Subsidiary acquires 100% of Star Metalworks for Rs 1 lakh

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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

-1.4%Reaction day

₹918.00

prior close

₹916.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-1.3% vs market

Iron & Steel Products peers, median of 94sector-0.4%-1.0% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 1.0 pts less 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.4-0.1-1.3-0.4-1.0

Next day

-4.0-0.6-3.3-0.5-3.4

-1.3+0.1-1.4-0.3-1.0

-3.5-0.6-2.9-1.1-2.4

-8.8-2.1-6.7-2.8-6.0

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15d

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-6.8-9.5+2.7-14.1+7.3

UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 94Pending

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

AI summary

Shyam Sel and Power Limited bought all 10,000 equity shares of Star Metalworks Private Limited for Rs 1 lakh in cash on October 29, 2025. The sellers were promoter group individuals, and the deal was conducted at arm's length. Star Metalworks has not started operations and reported nil turnover. It will plan manufacturing facilities for metal and steel products.

Likely market impact

The immediate financial impact is likely limited given the small purchase price and no target operations. The deal adds a future metal and steel manufacturing platform.