Promoter Ravi Todi to sell 30 lakh shares (1.94%) via open market for MPS compliance

Promoter Stake Sell 1pctOwnership 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

+1.0%Reaction day

₹19.31

prior close

₹19.37

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.2% vs market

Civil Construction peers, median of 93sector+0.3%+0.7% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.7 pts more 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

-0.3

10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+0.8+0.2+0.3+0.7

Next day

+1.4+1.7-0.3+0.9+0.5

-0.3+0.9-1.3+0.3-0.6

-2.5+0.8-3.4+0.0-2.5

-11.2+0.2-11.4-1.1-10.1

-20.5-0.1-20.4-1.2-19.3

-28.2+1.1-29.3-0.9-27.3

15d

-36.3+2.5-38.9-2.3-34.0

-49.4+1.2-50.6-5.2-44.2

-49.2+4.9-54.2-8.5-40.8

-69.7+5.8-75.5-10.6-59.1

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 93Pending

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

AI summary

Promoter Mr. Ravi Todi plans to sell 30,00,000 equity shares (about 1.94% of paid-up capital) through open market between June 22 and June 30, 2026. The purpose is to move toward the Minimum Public Shareholding (MPS) requirement under SEBI rules. The company noted this 2% sale alone will not fully meet MPS, and other permitted methods will follow. Promoter has undertaken not to buy any shares during the sale window.

Likely market impact

Short-term selling pressure on the stock; part of regulatory compliance, not a sign of promoter weakness, but more supply may be coming.