The Exchange has received updates on Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 01, 2026 for Kurjibhai ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Kurjibhai Premjibhai Rupareliya has pledged 25,00,000 equity shares (9.85% of total share capital) of Sri Adhikari Brothers Television Network Limited with Motilal Oswal Finvest Limited on December 31, 2025. The promoter holds 1,50,00,237 shares in total, representing 59.12% of the company's share capital, and this pledge accounts for 9.85% of the promoter's own shareholding. The pledged shares are valued at Rs. 400 crore against a borrowing of Rs. 100 crore, giving a security cover ratio of 0.25. The funds are being raised for personal use by the promoter, with no involvement of the listed company or its group entities. The encumbrance is well below the 50% of promoter holding and 20% of total share capital thresholds.
This is a moderate negative signal — the promoter raising Rs. 100 crore against shares worth Rs. 400 crore (very thin security cover) for personal use suggests some financial stress or liquidity need at the promoter level. However, the pledged portion remains small at under 10% of share capital, limiting near-term risk of forced selling.