The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 17, 2025 for Parul Bimal Thakkar
ADFFOODS · price
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ADF Foods promoter Parul Bimal Thakkar has released a pledge on 12 lakh (12,00,000) shares on September 16, 2025, following a partial repayment of a loan owed to Bajaj Finance Limited. Before the release, 16.50 lakh shares (1.50% of share capital) were encumbered; after the release, only 4.50 lakh shares (0.41%) remain pledged. Parul Bimal Thakkar continues to hold 54.29 lakh shares, representing 4.94% of ADF Foods' total share capital. The disclosure was filed under SEBI's SAST Regulation 31(1)/(2) for encumbrance release. Other promoter family members, including Sumer Bimal Thakkar, continue to have smaller pledged holdings with Bajaj Finance.
This is a mildly positive signal for shareholders — the promoter is reducing leverage by partially repaying debt and freeing up shares from pledge. Lower pledged holdings reduce the risk of any forced selling, and the promoter retains full ownership of the released shares.