Promoter pledges 2 crore shares with Kotak Mahindra Bank

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

-1.5%Reaction day

₹35.53

prior close

₹34.98

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-2.3% vs market

Diversified Commercial Services peers, median of 79sector+0.0%-1.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-1.3

15m

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30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+0.8-2.3+0.0-1.5

Next day

+0.2+1.7-1.5-0.4+0.5

-0.3+0.9-1.2-0.3-0.1

-1.8+0.8-2.6-0.3-1.5

-4.1+0.2-4.4-0.3-3.8

-3.2-0.1-3.1-1.6-1.5

-5.0+1.1-6.1-2.5-2.4

15d

-8.6+2.5-11.1-3.2-5.3

-13.9+1.2-15.1-4.4-9.5

-12.5+4.9-17.4-3.1-9.3

-3.2+5.8-9.0-3.5+0.3

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 79Pending

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

AI summary

Promoter Ronak Jain and PACs have created a pledge of 2,00,00,000 (two crore) equity shares of Asgard Alcobev in favour of Kotak Mahindra Bank. The disclosure is a revised version of an earlier communication dated 5 June 2026, which had mistakenly shown the shares under Sale instead of Encumbrance. No actual sale took place.

Likely market impact

Pledging promoter shares can signal fundraising needs; large pledges carry risk if share price falls and the lender invokes them.