The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 11, 2025 for Rigmadirappa ....
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Agribio Spirits Limited has filed a revised disclosure under SEBI's SAST Regulations regarding the creation of a pledge on promoter group shares. The original disclosure was revised to include the reason for the encumbrance, which was earlier missing. M/s Rigmadirappa Investments Private Limited, a promoter group entity, pledged 2,00,000 equity shares (1.83% of total share capital) in favour of Nidhi Castings & Alloys Private Limited. The pledge serves as security for a loan of Rs 1 Crore taken for personal use by the promoter, with a tenure of 180 days (June 27, 2025 to December 23, 2025). The security cover ratio is 3.74x, indicating comfortable collateral.
This is a minor encumbrance creation — only 1.83% of total capital and just 1.83% of promoter Rigmadirappa's own holding is pledged. It is for a short-term personal loan and is well below the 50% promoter holding or 20% capital thresholds that would trigger higher concern. Minimal impact expected on shareholders or stock price.