Solex Energy: Promoter group share re-alignment agreement lapses

Deal CancelledStrategic Transactions View source PDF Explain this filing

SOLEX · 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

-3.4%Reaction day

₹624.00

prior close

₹623.85

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-1.7% vs market

Other Electrical Equipment peers, median of 50sector-1.7%-1.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Electrical Equipment 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

-0.5

10m

-0.6

15m

-1.0

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.4-1.7-1.7-1.7-1.6

Next day

-7.6-4.2-3.3-4.3-3.3

-11.9-5.2-6.6-5.2-6.7

-13.9-7.4-6.5-8.0-5.9

-15.6-7.0-8.5-7.0-8.5

-13.2-5.5-7.7-5.4-7.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 50Pending

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

AI summary

Solex Energy informed exchanges that the proposed Shareholders Agreement between promoter group members, first announced on April 17 2026, was not executed within the stipulated 6-month period ending October 16 2026. The agreement aimed at internal re-alignment of shareholding among promoter families including Shah, Patodia, Chandak, and Agrawal. Parties have decided not to proceed and the arrangement stands discontinued. No impact on company operations or financials stated.

Likely market impact

Minimal impact as the lapsed SHA was for internal promoter re-alignment only. Existing shareholding structure remains unchanged with no business fallout.