Steel Exchange India promoter swaps share pledge for debenture collateral

Pledge ReleasedOwnership Changes View source PDF Explain this filing

STEELXIND · 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

+1.2%Reaction day

₹8.10

prior close

₹8.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.0% vs market

Iron & Steel Products peers, median of 90sector+0.2%+1.0% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.0 pts more 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

+0.7

10m

+0.5

15m

+1.0

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2+0.3+1.0+0.2+1.0

Next day

+1.1+0.8+0.3+1.1-0.0

-0.2+0.1-0.4+0.3-0.6

-1.2-0.8-0.5-0.5-0.7

-1.9-1.1-0.8-1.2-0.6

-2.7+0.2-2.9-0.8-1.9

+16.7+1.6+15.1+0.6+16.1

15d

+12.2+2.5+9.7+0.5+11.7

+6.7-2.7+9.3-2.8+9.5

-0.6-0.3-0.3-3.0+2.4

-1.2-8.9+7.7-8.6+7.4

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

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

AI summary

Promoter Umashiv Garments released a pledge on 1,45,55,375 shares (1.17%) of Steel Exchange India on loan repayment. Simultaneously, a fresh pledge of the same shares was created in favour of Catalyst Trusteeship as debenture trustee, backing 18,500 unlisted secured NCDs of INR 1 lakh each (INR 185 crore) issued by Vizag Profiles. Net encumbered shares unchanged. Total promoter holding is 50.80%.

Likely market impact

No change in total pledged shares; just a swap of pledgee. Promoter holding unaffected at 50.80%.