The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 07, 2025 for Anshu Goel
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Promoter Anshu Goel has created a pledge over 27,20,000 equity shares (about 4.34% of total share capital) of Alphalogic Techsys Ltd in favour of Indian Renewable Energy Development Agency Limited (IREDA). The pledge was created on June 6, 2025, and serves as security for a ₹136 crore term loan sanctioned in December 2023. The loan will fund the company's 150 KLPD Ethanol Distillery Project at Tadali Growth Centre, MIDC Chandrapur, Maharashtra. Before this event, the promoter held no encumbered shares, so this is a fresh pledge covering 5.89% of his total promoter holding of 2,36,74,080 shares (37.81% of the company).
The pledge size is modest at roughly 5.89% of the promoter's stake and well below the 50% threshold, so immediate risk to shareholders is limited. Investors should, however, track project execution at Chandrapur and watch for any further pledging or invocation, which could become a concern if the ethanol project faces delays.