The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 26, 2025 for Sanjay Labroo
ASAHIINDIA · price
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Sanjay Labroo, a promoter of Asahi India Glass Ltd, has created a pledge on 8,00,000 equity shares (0.33% of total share capital) on May 21, 2025. The shares have been pledged with HSBC InvestDirect Financial Services (India) Ltd as collateral for personal borrowing. After this pledge, the total encumbered shares held by the promoter stand at 54,00,000 shares (2.22% of share capital), up from 46,00,000 shares (1.89%) earlier. The promoter continues to hold 2,92,30,761 shares, representing 12.02% of the company's total share capital.
This is a relatively small new pledge by a promoter for personal borrowing, raising the total pledged shares modestly from 1.89% to 2.22% of share capital. Shareholders should note the incremental encumbrance but there is no immediate governance or control concern as the overall pledged stake remains low.