The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 12, 2025 for Anshu Goel
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Promoter Anshu Goel has pledged 27,20,000 shares (about 4.34% of total share capital) of Alphalogic Techsys with Indian Renewable Energy Development Agency (IREDA) as security for a ₹136 crore term loan. The loan, sanctioned in December 2023, is funding a 150 KLPD Ethanol Distillery project along with a 3.3 MW captive power plant at MIDC Tadali, Chandrapur, Maharashtra. Before this pledge, Anshu Goel held 2,36,74,080 shares (37.81% of the company). The encumbered shares represent just 5.89% of his total promoter holding, well below the 50% threshold. The filing was revised on 12 June 2025 to fix a typographical error where an extra zero had inflated the pledged share count in the original 7 June submission.
This is a routine pledge for project financing, not a distress signal. The pledged amount is small relative to the promoter's overall stake (under 6%), so it does not materially threaten promoter control or shareholder value in the near term.