Promoter non-disposal undertaking on additional Tilaknagar shares for working capital

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TI · price

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

+2.2%Reaction day

₹397.00

prior close

₹405.65

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.6%+0.7% vs market

Breweries & Distilleries peers, median of 24sector+1.6%+0.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.6 pts more than its Breweries & Distilleries 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

-0.5

15m

-0.3

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+1.6+0.7+1.6+0.6

Next day

-2.0-0.6-1.4-0.3-1.8

+1.8-0.5+2.2-0.7+2.4

+9.1+1.5+7.6+1.0+8.2

+6.8+1.1+5.7+0.3+6.5

+8.4+3.0+5.4+0.7+7.7

+13.6+5.5+8.1+3.4+10.2

15d

+13.7+6.1+7.6+4.2+9.4

+13.4+5.1+8.3+2.4+11.0

+4.5-8.0+12.5-9.3+13.8

+20.0+10.9+9.1+5.0+15.0

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

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

AI summary

Catalyst Trusteeship filed a SEBI disclosure stating promoter Amit Dahanukar created a non-disposal undertaking on 98,05,900 Tilaknagar shares (about 3.99% of capital) on 22 December 2025. This serves as security for a working capital facility from ICICI Bank and Kotak Mahindra Bank. Total encumbrance on promoter shares is now 730,06,275 shares or 26% of paid-up capital. Promoter agreed to maintain at least 26% shareholding.

Likely market impact

Promoter pledged extra shares as collateral for working capital debt. Not a sale. Triggers risk if loan defaults occur.