Five wholly owned project companies and higher funding support approved

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

+0.5%Reaction day

₹184.80

prior close

₹185.09

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%-0.2% vs market

Residential Commercial Projects peers, median of 60sector+1.3%-0.7% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.7 pts less than its Residential Commercial Projects 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

+0.5+0.7-0.2+1.3-0.7

Next day

-0.8+0.1-0.9+0.0-0.8

-2.3-1.0-1.3-1.4-0.9

-1.1-0.0-1.1+0.2-1.4

-1.4+0.5-1.9+0.6-2.0

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15d

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-13.7-5.0-8.8-5.1-8.6

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

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

AI summary

On October 9, 2025, the board approved setting up five wholly owned real estate project companies, each with initial capital of Rs 10 lakh. The company may invest in securities or provide unsecured loans, with a limit of up to Rs 100 crore for each new subsidiary. Aggregate lending support for subsidiaries was revised to Rs 1,400 crore for operations, expansion and projects.

Likely market impact

The funding can speed up projects and expansion, but large limits raise future funding obligations and financial risk if project cash flows disappoint.