The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 31, 2025 for Rigmadirappa Investments ....
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Awaiting price reaction for this filing.
Agribio Spirits Ltd has informed BSE about a release of pledge on 2,00,000 equity shares (1.83% of total share capital) belonging to promoter entity Rigmadirappa Investments Private Limited. The encumbrance was released on December 30, 2025, and the disclosure was filed under Regulation 31(2) of SEBI Takeover Regulations on December 31, 2025. The entity in whose favour the pledge was held was also Rigmadirappa Investments Pvt Ltd, with the reason noted as being for loans taken by the company/subsidiary or as collateral. The company's registered office is in Jaipur and its shares are listed on BSE (Script Code: 539546).
A release of pledge is generally seen as a positive signal for shareholders — it means the promoter no longer has those shares encumbered as collateral, reducing the risk of forced selling. However, the size is small (1.83% of capital), so material impact on share price is unlikely.