Promoter encumbrance of 71.06% stake disclosed under SEBI Takeover Regulations

Promoter pledge above 50%Ownership Changes View source PDF Explain this filing

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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

-2.7%Reaction day

₹1654.00

prior close

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announcement price

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timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%+0.6% vs market

Industrial Products peers, median of 134sector-2.4%-0.2% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-2.7-3.3+0.6-2.4-0.2

Next day

-3.3-3.4+0.1-2.5-0.7

-3.6-2.6-1.0-1.9-1.7

-3.3-1.0-2.3-1.4-1.9

-3.8-1.2-2.7-1.1-2.7

-1.2-0.7-0.5-1.3+0.1

-3.3-1.0-2.3-0.5-2.7

15d

-3.3-1.7-1.5-1.1-2.1

-9.3-4.1-5.2-1.8-7.5

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 134Pending

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

AI summary

Print Holdings B.V. and Print I B.V. (promoter group of Stovec) disclosed encumbrance of 14,83,777 shares (71.06% of capital and promoter holding) under SEBI Takeover Regulations. The encumbrance, in favour of Magenta Holding B.V., arises from a February 2025 Shareholders Agreement at the Dutch holding company level after lenders converted debt to equity. Magenta Holding now has drag-along, tag-along rights and an option to take full control of Print I.

Likely market impact

Magenta Holding could potentially take control of the promoter entity, creating change-of-control uncertainty for Stovec shareholders despite no direct encumbrance on its shares.