The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 24, 2026 for Kurjibhai Premjibhai Rupareliya
AQYLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Kurjibhai Premjibhai Rupareliya has created a new pledge of 40,00,000 equity shares (1.58% of total share capital) of Aqylon Nexus Ltd in favour of Motilal Oswal Finvest Limited on March 24, 2026, citing personal use. After this pledge, total encumbered promoter shares stand at 2,90,00,000 (11.43% of total share capital), against his overall promoter holding of 59.12%. The pledged shares are valued at Rs. 23.52 crores. Notably, the loan amount involved is stated as NIL, with the pledge being additional collateral against a pre-existing loan of just Rs. 100 taken on January 1, 2026 — an unusual detail worth flagging. The company is the erstwhile Sri Adhikari Brothers Television Network Limited.
Encumbrance on promoter shares rises modestly to 11.43% of total share capital, still well below regulatory worry thresholds (20% of total capital or 50% of promoter holding). The mismatch between Rs. 23.52 crore worth of pledged shares and a Rs. 100 loan base may raise questions, though the disclosure itself is routine and does not signal a change in promoter ownership.