Re-revised disclosure under Regulation 31(1) and Regulation 31(2) of SEBI (SAST) Regulations, 2011 by the Company

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

TICL · price

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

+0.2%Reaction day

₹25.97

prior close

₹26.15

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.3% vs market

Civil Construction peers, median of 88sector-0.3%+0.5% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.5 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

+0.0

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

+0.2-0.1+0.3-0.3+0.5

Next day

-0.7-1.9+1.2-2.3+1.6

-2.2-2.5+0.3-3.3+1.1

-4.1-2.7-1.4-3.4-0.7

-0.1-1.5+1.4-2.1+2.0

-0.6-0.6+0.0-2.0+1.4

-6.2-0.3-5.9-1.5-4.7

15d

-7.6+1.9-9.5-0.2-7.4

-13.8+0.2-14.0-1.8-12.0

+13.7+0.5+13.2-3.6+17.3

+11.7-2.9+14.6-8.9+20.6

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 on 1,60,00,000 equity shares (10.32% of total share capital) of the company with Jaswik Traders Private Limited as the pledgee, dated 14 August 2025. The pledge has been executed to secure a Loan Against Securities (Shares) facility, with proceeds intended for the company's working capital needs. The promoter's total holding remains unchanged at 2,53,21,156 shares (16.33%), and no shares were previously encumbered. The filing is a re-revised version of an earlier disclosure submitted to BSE and NSE.

Likely market impact

With roughly 63% of the promoter's entire holding now pledged, any sharp drop in the share price could trigger margin calls or forced sale of pledged shares, posing a risk to shareholders. Investors should watch for further encumbrance disclosures and any change in the promoter's overall stake.