Final Disclosure under Regulation 31(1) and Regulation 31(2) of SEBI (SAST) Regulations, 2011 by the Promoter of the Company.

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

TICL · 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

-0.5%Reaction day

₹25.95

prior close

₹26.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.3% vs market

Civil Construction peers, median of 88sector+0.8%-1.3% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.3 pts less than its Civil Construction 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

-2.9

10m

-2.9

15m

-0.0

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.8-1.3+0.8-1.3

Next day

-1.2+1.8-3.0+1.4-2.6

-6.2+1.2-7.3+0.5-6.6

-8.5+1.2-9.7+0.9-9.4

-13.3+1.6-14.9+0.8-14.1

-9.6+1.8-11.4+0.7-10.3

-4.4+2.1-6.5+1.3-5.7

15d

-13.7+3.1-16.8+1.8-15.5

-3.6+0.9-4.6+0.5-4.1

+17.3+3.2+14.1-1.1+18.5

+12.3-1.5+13.8-6.6+18.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 88Pending

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

AI summary

Promoter Tarun Chaturvedi has created a pledge over 1,60,00,000 equity shares (10.32% of total share capital) in favour of Jaswik Traders Private Limited. The pledge was executed on 14th August 2025 and disclosed on 27th August 2025. The proceeds are being used to secure a Loan Against Securities facility for the company's working capital needs. After this pledge, the promoter's encumbered holding stands at 10.32% of total share capital, against his overall holding of 2,53,21,156 shares (16.33%) in the company.

Likely market impact

This is a routine financing move where the promoter is pledging his own shares to raise working capital for the company. Shareholders should monitor the pledged shares — if the loan is not serviced, the pledgee could invoke the pledge, which may lead to a change in promoter shareholding. The pledged portion (10.32%) is significant relative to the promoter's own stake (16.33%), so any default risk is worth tracking.