RPS Industries Private Limited has submitted to the exchange a copy of Disclosure under Regulation 31(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Pledge InvokedOwnership Changes View source PDF Explain this filing

SIGACHI · price

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Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹30.81

prior close

₹30.90

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+0.6+0.2-0.3+0.6+1.6+1.9+2.2+1.9+1.0+2.4+40.2+22.1+16.0

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AI summary

RPS Industries Private Limited, a promoter of Sigachi Industries, has disclosed the invocation of 39,50,000 pledged equity shares. The invocation happened in two tranches: 16,00,000 shares on August 6, 2025, by Comfort Fincap Limited, and 23,50,000 shares on August 7, 2025, by Jio Finance Services Limited. Before this event, RPS held 7,48,07,250 shares (19.58%) in Sigachi, of which 7,26,00,000 shares (19.00%) were already pledged. After the invocation, the encumbered (pledged) shares stand reduced to 6,86,50,000 shares (17.97% of total share capital).

Likely market impact

Pledge invocation is a negative signal as it indicates the promoter could not meet obligations to lenders, and the invoked shares may be sold in the market, creating potential supply pressure and dilution of promoter control.