The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 23, 2026 for Rigmadirappa Investments ....
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Agribio Spirits Ltd informed the BSE that its promoter, M/s Rigmadirappa Investments Private Limited, has created a pledge on 3,10,000 equity shares (2.85% of total share capital) in favor of Nidhi Castings & Alloys Private Limited on February 12, 2026. The pledge is given as security for a loan of Rs 2 crore taken for the personal use of the promoter for a 12-month tenure ending February 12, 2027. The pledged shares are valued at Rs 7.13 crore, giving a security cover ratio of 3.565x. The promoter holds 18,58,207 shares (17.07%) in the company, and the pledged shares represent about 16.7% of the promoter’s own holding, well below the 50% threshold.
This is a routine disclosure and the pledged portion is small relative to both the promoter's holding and the total share capital, so it carries limited direct risk. However, shareholders should monitor whether the promoter is able to repay the Rs 2 crore loan on time, as any invocation of the pledge could lead to a change in shareholding and create downward pressure on the stock.