The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 07, 2026 for Veqarul Amin
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Veqarul Amin, a promoter of Amin Tannery Limited, has created a pledge on 3,22,62,439 equity shares, representing 29.88% of the company's total share capital, on February 6, 2026. The shares have been pledged with SBICAP Trustee Company Limited (on behalf of SBI Overseas Branch, Kanpur) as collateral for a working capital limit of Rs. 20 Crores from the bank. Veqarul Amin holds 6,34,61,434 shares in total (58.77% of the company), and the pledged shares now account for 50.84% of his personal promoter holding, crossing the 50% threshold.
Pledging shares to raise working capital is common, but over half of the promoter's stake is now encumbered — this is a significant concentration risk that shareholders should monitor, as any sharp decline in share price could trigger margin calls or pledge invocation.