Promoter releases pledge on 9.5 million TICL shares

Promoter pledge above 50%Pledge releasedPromoter holding below 50%Ownership 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

-5.0%Reaction day

₹25.64

prior close

₹25.89

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-4.4% vs market

Civil Construction peers, median of 86sector-0.8%-4.2% vs sector

On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 4.2 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

-3.2

10m

-3.4

15m

-3.4

30m

-3.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0-0.7-4.4-0.8-4.2

Next day

-7.4-0.7-6.7-0.3-7.1

-12.2-0.2-12.0-0.2-12.1

-8.5-0.1-8.5-0.6-8.0

-4.7+0.4-5.0+0.2-4.9

-3.3+0.3-3.5-0.1-3.1

-2.5+1.0-3.4+0.9-3.4

15d

-12.7-0.2-12.5-0.7-12.0

-1.8-1.2-0.6-1.1-0.7

+16.2+0.6+15.6-3.7+19.9

+5.3-4.3+9.6-10.3+15.6

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 86Pending

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

AI summary

Promoter Tarun Chaturvedi released the pledge on 9.5 million shares, equal to 6.13% of the company, on September 1, 2025. Before the release, 16 million of his 25.32 million shares were pledged, about 63.2% of his holding. The pledge secured working-capital borrowing from Jaswik Traders. His ownership stayed at 16.34%, with 6.5 million shares, or 4.19%, still pledged.

Likely market impact

The release lowers the promoter's pledged stake and may ease collateral pressure. Ownership remains 16.34%, with 4.19% of company shares still pledged.