The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 11, 2025 for Prerna Agarwal
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Promoter Prerna Agarwal has disclosed the release of a pledge on 45,02,633 equity shares of Advance Lifestyles Ltd, which were previously pledged with Motilal Oswal Finvest Limited. The pledged shares represented 72.32% of the company's total share capital, meaning the entire encumbered promoter holding has now been freed. Post-release, the promoter's encumbered shareholding stands at NIL (0%), while the overall promoter holding remains at 45,02,633 shares (72.32%). The disclosure was filed under SEBI's Takeover Regulations on December 10, 2025.
This is a significant positive signal for shareholders — a very high promoter pledge of 72.32% has been fully released, sharply reducing forced-sale and margin-call risks that often pressure stock prices. The stock may see improved sentiment due to the removal of this overhang.