Swan Engitech pledges extra Swan Corp shares for group entity loan

Pledge Above 50pctOwnership Changes View source PDF Explain this filing

SWANCORP · price

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

+0.8%Reaction day

₹262.00

prior close

₹267.60

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.1%+0.7% vs market

Petrochemicals peers, median of 12sector+1.3%-0.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.6 pts less than its Petrochemicals 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

-0.1

10m

-0.3

15m

-0.6

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8+0.1+0.7+1.3-0.6

Next day

-3.0-1.1-1.9-1.1-1.9

-5.7-3.3-2.4-5.4-0.2

-5.9-4.4-1.6-7.2+1.3

-7.5-7.0-0.5-10.3+2.7

-10.1-6.0-4.1-9.9-0.1

-8.2pendingpending-7.3-0.9

15d

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UpDownMarket · Nifty Smallcap 250Sector · Petrochemicals peers, median of 12Pending

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

AI summary

Promoter Swan Engitech Works pledged 15 lakh extra Swan Corp shares (0.48% of capital) on Oct 13 with IDBI Trusteeship for lender NaBFID, securing a Rs 1,150 crore facility for a group entity. Total shares pledged by Swan Engitech now stand at 2.15 crore or 6.86% of capital, equal to 55.98% of its own holding. Pledged shares are worth about Rs 602.75 crore, giving 0.52 times cover. Fellow promoters Dave Impex and Swan Realtors also have existing pledges on their stakes.

Likely market impact

Swan Engitech pledged shares cross 55% of its own Swan Corp holding, raising risk if shares fall. Loan backs a group entity, not the listed company directly.