Promoter sells 4.88% stake through stock exchange offer

Promoter sold over 1%Ownership Changes View source PDF Explain this filing

LOTUSDEV · 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

-2.2%Reaction day

₹236.36

prior close

₹232.11

announcement price

In-mkt

timing

Nifty Microcap 250marketpendingvs market: pending

Residential Commercial Projects peers, median of 66sector-0.3%-1.9% vs sector

On the reaction day the stock moved 1.9 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

-0.2

10m

-0.1

15m

-0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2pendingpending-0.3-1.9

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

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

AI summary

Promoter Anand Kamalnayan Pandit sold 2,38,58,955 shares, representing 4.88% of paid-up equity capital, through a stock exchange offer for sale on November 3 and 4, 2026. His stake declined from 70.03% to 65.14%. Company share capital remained unchanged.

Likely market impact

Promoter selling may create near-term pressure on the share price, but he retains control with a 65.14% stake.