The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 05, 2026 for Ronak Jain
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Promoter Ronak Jain has created a pledge on 2,00,00,000 (2 crore) equity shares of Asgard Alcobev Limited, representing 6.42% of total share capital. The pledge is in favour of Kotak Mahindra Bank Ltd and was created on June 3, 2026. Ronak Jain holds 11,89,73,483 shares (38.19%) in the company, of which no shares were previously encumbered. The purpose of the pledge is to provide collateral security against a loan taken by CMJ Breweries Private Limited, a subsidiary of Asgard Alcobev. Other promoter-group holders include Sarita Jain (10.32%), Priyanka Jain (6.57%), and K K Impex & Trading Pvt Ltd (4.87%).
The pledging is linked to borrowing for the company's own subsidiary (CMJ Breweries), so the loan ultimately benefits the group. About one-sixth of the promoter's stake is now encumbered — investors should monitor for any future invocation or release of this pledge, which could affect promoter stake stability.