The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 02, 2025 for Sanjay Labroo

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

ASAHIINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹604.00

prior close

₹616.85

announcement price

In-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+1.7% vs market

Auto Components & Equipments peers, median of 107sector+0.5%+2.1% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 2.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+2.0+1.7+0.3+1.7+0.3

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+38.6+17.7+20.9+17.6+21.0

UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 107Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Sanjay Labroo, a promoter of Asahi India Glass Ltd, has created a pledge on 1,00,000 equity shares of the company (about 0.04% of total share capital) with Bajaj Finance Ltd as the pledgee. The pledge was created on 28-03-2025 and reported on 31-03-2025, for collateral towards personal borrowing. Post this pledge, his total encumbered shares stand at 46,00,000 (1.89% of share capital), up from 45,00,000 (1.85%) earlier. His total promoter holding remains 2,92,30,761 shares, which is 12.02% of the company's share capital.

Likely market impact

This is a routine disclosure of a small pledge creation by a promoter against a personal loan. With only 0.04% of share capital newly pledged and total encumbrance at 1.89%, the financial impact on shareholders is minimal. However, investors may note the promoter's total holding is relatively modest at 12.02%.