The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 30, 2025 for Vineha Enterprises Pvt Ltd
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Vineha Enterprises Pvt Ltd, the promoter of AGS Transact Technologies, disclosed two events: (1) creation of a pledge on 90,00,000 equity shares (7.01% of share capital) on April 21, 2025 in favor of New Berry Advisors Ltd to provide additional collateral under existing borrowing arrangements, and (2) invocation of pledge on 25,00,000 equity shares (1.95%) on April 25, 2025 by New Berry Advisors Ltd. After these events, Vineha's encumbered shares stand at 65,00,000 (5.06% of share capital), while its total promoter holding remains 3,52,04,264 shares (31.69%). Separately, between April 21–24, 2025, Bajaj Finance Ltd and KNAB Finance Advisors Pvt Ltd invoked a pledge on 1,39,42,261 shares (10.86%) held personally by Chairman & MD Ravi B. Goyal.
Investors should note rising pledging and invocation activity within the promoter group, including a major 10.86% invocation from the Chairman's personal holdings by Bajaj Finance and KNAB Finance. This signals financial stress at the promoter level and could weigh on stock sentiment, raising concerns over potential stake dilution or change in control.