The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 02, 2025 for Mrs. Amrita ....
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Mrs. Amrita Prabhakar Deodhar, Promoter and Director of Aplab Limited, has filed a revised disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. The disclosure reports a creation of pledge on 25,00,000 equity shares (19.89% of total share capital) in favour of Laxmimanak Finance Private Limited. The pledge was created on 19.12.2024 as collateral security for working capital loans taken by the company. Pre-event, the promoter held 78,84,364 shares (62.72%) with no encumbrance; post-event, 19.89% of her holding stands pledged. The total promoter group holding is 84,97,511 shares (67.60%), of which 25,00,000 shares (19.89%) are now encumbered. The filing is a revised version of an earlier submission prompted by the exchange.
This is a creation of pledge (not a sale or invocation) to support the company's working capital needs, so it does not directly change promoter ownership. However, 19.89% of the promoter's shares being encumbered signals leverage at the promoter level, which shareholders should monitor for any future invocation or release events.