Board approves proposal to sell entire undertaking

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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

-7.0%Reaction day

₹43.00

prior close

₹42.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-5.0% vs market

Tyres & Rubber Products peers, median of 15sector-3.0%-4.0% vs sector

On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 4.0 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

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

AI summary

The Board of Vamshi Rubber approved a proposal for substantial sale of its entire undertaking, citing continued decline in the retreading business due to structural and technological shifts in the tyre industry and non-viability of the existing manufacturing unit. The sale is subject to shareholder approval via Special Resolution. The Board appointed a Registered Valuer to determine fair value and an Advisor to identify counterparties. A Postal Ballot Notice was also approved.

Likely market impact

Existing business deemed unviable; sale may unlock value but depends on valuation and buyer interest. Subject to shareholder approval.