Abhishek Mohite has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Promoters of Abhishek Corporation — Abhishek A. Mohite, Anjali A. Mohite, Sanjay B. Patil, and Anasaheb R. Mohite — have submitted a disclosure under SEBI Takeover Regulations 31(4) regarding shares encumbered by way of pledge. The total number of shares currently encumbered across the four promoters is approximately 81.9 lakh shares (38,52,956 + 27,28,431 + 15,82,929 + 12,015). The filing notes that these encumbrances were already disclosed during the respective financial year 2011, indicating this is a re-submission or compliance confirmation rather than a new pledging event. No new pledge creation, invocation, or release is explicitly mentioned.
This appears to be a routine regulatory re-disclosure of longstanding pledged shares rather than a new negative event. Shareholders should monitor the company's shareholding pattern filings to track any changes in pledge status, as heavy promoter pledging can be a risk signal if shares decline sharply.