The Independent Directors of the Company have issued their recommendation in the Open Offer.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 0.6 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Anuj Agarwal, a Kolkata-based individual, has made an Open Offer to acquire up to 1,16,780 equity shares (face value Rs. 10 each) of Step Two Corporation Limited, representing 19.15% of the company's expanded equity and voting share capital. This is being done under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The Committee of Independent Directors of Step Two Corporation issued their recommendation on April 08, 2025, which was subsequently published in Business Standard (English & Hindi), Mumbai Lakshadeep (Marathi), and Arthik Lipi (Bengali) newspapers on April 09, 2025. The filing is a procedural compliance under Regulation 26(7) informing the stock exchange about the publication of these recommendations.
Shareholders of Step Two Corporation can now review the Independent Directors' formal recommendation on whether to tender their shares in the Open Offer. The 19.15% acquisition by a single individual acquirer could influence share price and signals a change in ownership pattern, though it stops short of a full takeover trigger.