The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 10, 2026 for Shapoorji Pallonji ....
AFCONS · price
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Awaiting price reaction for this filing.
Shapoorji Pallonji and Company Pvt Ltd (SPCPL), the promoter of Afcons Infrastructure, has filed a revised disclosure under SEBI's Takeover Regulations regarding pledge of its shares in the company. The revision, sent on 10 March 2026, was made simply to include the lender's name that was missing in the original disclosure dated 17 February 2026 — there is no change in the quantum of shares pledged. In total, 5,66,81,410 shares are encumbered, equal to 15.41% of Afcons' total share capital and 78.41% of SPCPL's own shareholding in the company. Two separate pledge arrangements exist: one with SBICAP Trustee Company covering 4,44,46,470 shares (12.08%) created in June 2025 against a working capital facility from a consortium led by SBI, and another with Catalyst Trusteeship covering 1,22,34,940 shares (3.33%) created in February 2026 for working capital from JM Financial Credit Solutions. Both pledges are stated to be for working capital requirements of the listed company.
This is only a correction to an earlier disclosure and does not introduce any new pledge, invocation, or release — so there is no fresh trigger for the stock. That said, investors should keep in mind that about 78% of the promoter's holding is already pledged, which is on the higher side and worth tracking if the company's financial position changes.