SAT extends interim stay on Marwadi Chandarana open offer for TruCap Finance

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

TRU · price

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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

-2.5%Reaction day

₹5.30

prior close

₹5.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.2% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-0.6%-1.8% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.8 pts less than 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

-0.8

10m

-0.2

15m

-0.2

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-0.3-2.2-0.6-1.8

Next day

-1.9+0.8-2.6-0.2-1.7

-5.7+0.9-6.6+0.0-5.7

-0.8+1.8-2.5+0.0-0.8

+4.2+1.5+2.7+0.8+3.3

-0.6+1.7-2.2+0.6-1.2

+3.8-1.1+4.9-0.8+4.6

15d

-7.5+1.0-8.6-0.2-7.4

-11.5+0.4-11.9-1.9-9.6

-22.1+6.4-28.4+0.0-22.1

-21.7+5.5-27.2-2.8-18.9

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

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

AI summary

Merchant banker Sundae Capital Advisors filed an update on the Securities Appellate Tribunal case related to Marwadi Chandarana Intermediaries Brokers open offer to TruCap Finance shareholders. After a hearing on June 18, 2026, both sides wrapped up their arguments and the matter is reserved for ruling. The interim stay on the open offer, first granted on February 11, 2026, has been extended until further order.

Likely market impact

Interim stay on the open offer continues. Await the SAT final ruling, which could affect the offer timeline and what shareholders can do with their shares.