The Exchange has received the updates on Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
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Awaiting price reaction for this filing.
Promoter Kurjibhai Premjibhai Rupareliya, who holds 1,50,00,237 shares (59.12%) in Sri Adhikari Brothers Television Network Limited, has created a new pledge of 25,00,000 equity shares (9.85% of total share capital) in favour of Motilal Oswal Finvest Limited on 31 December 2025. This was the promoter's first encumbrance, as prior pledged holdings were zero. The loan amount involved is Rs. 100 crore against a value of pledged shares of Rs. 400 crore, and the funds will be used for the promoter's personal needs. Neither the listed company nor any group company is involved in the transaction.
While the pledge size is modest (9.85% of capital and well below the 50% of promoter holding alert threshold), retail investors should monitor for any future invocation, which could lead to forced selling and pressure on the stock. The borrowings are for personal use and do not directly benefit the company.