Sirca India extends Sirca Italy agreement until 2041

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SIRCA · 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

+2.9%Reaction day

₹510.00

prior close

₹518.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+3.3% vs market

Paints peers, median of 8sector+0.1%+2.9% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.9 pts more than its Paints 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

StockMarketvs marketSectorvs sector

Reaction day

+2.9-0.4+3.3+0.1+2.9

Next day

+0.7-0.6+1.3+1.0-0.3

+0.4+0.3+0.1+2.4-2.0

+0.2+0.2-0.0+2.1-1.9

+1.8+0.1+1.6+1.8-0.1

+3.3+0.7+2.6+1.3+2.0

+4.1-0.3+4.4+1.3+2.8

15d

-2.0-2.0+0.1-1.6-0.3

-10.0-5.7-4.4+2.9-12.9

-8.5-7.8-0.7-3.8-4.7

-6.5-4.6-1.9-12.9+6.4

UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

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

AI summary

Sirca Paints India extended its irrevocable distribution, manufacturing and brand-use agreement with Sirca S.p.A. of Italy until 2041. Sirca Italy will provide expertise to make acrylic, UV and polyester wood coatings in India that are currently imported. From January 1, 2026, Sirca India will pay a 0.75% quarterly royalty on reported turnover.

Likely market impact

Local production may improve product range, pricing power, inventory control and cash flow, while the royalty adds an ongoing cost.