The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 13, 2026 for Aditya Chachan & Others
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On February 12, 2026, promoters and promoter group members of Aditya Ispat Ltd created a pledge on 13,01,100 equity shares (about 24.32% of total share capital) in favour of Pillar Investment Company Limited, an NBFC. The pledged shares make up 100% of the total promoter shareholding in the company. The pledge was given as collateral for a Rs 1.25 crore loan availed by the listed company itself, with the shares valued at Rs 1.30 crore on the event date. The funds are intended to reduce existing bank exposure and are scheduled to be repaid within one year. The five pledging entities include Mr. Aditya Chachan, Mrs. Usha Chachan, Mr. Anshuman Chachan, Satya Bhagwan Chachan (HUF), and Jai Bapji Ispat Private Limited.
For shareholders, this signals that the entire promoter stake (24.32% of the company) has been pledged as loan collateral for the company's own borrowing. While the loan proceeds are being used to pay down bank debt, the high pledge level (100% of promoter holding) raises concerns about promoter financial flexibility and the risk of forced selling if the loan is not repaid on time.