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
ASAHIINDIA · price
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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.
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%.