SAT extends interim stay in Marwadi Chandarana open offer matter; next hearing June 16

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

TRU · price

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

+0.0%Reaction day

₹5.72

prior close

₹5.96

announcement price

After-mkt

timing

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

Non Banking Financial Company (NBFC) peers, median of 226sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and in line with its Non Banking Financial Company (NBFC) 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

-5.4

10m

-5.2

15m

-2.9

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.6-0.6+0.0+0.0

Next day

+1.4+1.7-0.3+0.1+1.3

+3.1+2.1+1.0+0.7+2.5

-0.3+3.0-3.3+1.1-1.4

+3.1+3.8-0.7+0.7+2.5

-0.9+3.1-4.0+0.0-0.9

-7.3+2.4-9.7-0.1-7.3

15d

-3.8+1.3-5.1-1.6-2.3

-11.4+3.9-15.2-0.3-11.1

-21.7+7.4-29.1-0.9-20.8

-30.9+5.6-36.5-1.6-29.4

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 226Pending

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

AI summary

Sundae Capital Advisors, manager to Marwadi Chandarana Intermediaries Brokers' open offer for TruCap Finance shareholders, updated that the Securities Appellate Tribunal (SAT) heard the matter on June 12, 2026. The Appellant's arguments could not be concluded due to time constraints. The matter is adjourned to June 16, 2026 at 2:30 pm. The interim stay granted by SAT on February 11, 2026 has been extended until the next hearing, keeping the open offer on hold for now.

Likely market impact

Open offer remains on hold pending SAT hearing; outcome may affect acquisition timeline and shareholder exit options.