The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ronak Jain & PACs
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Promoter Ronak Jain has created a pledge on 2,00,00,000 equity shares (about 6.42% of total share capital) of Asgard Alcobev Limited in favour of Kotak Mahindra Bank Limited. Before this pledge, Ronak Jain held 11,89,73,483 shares (38.19%) of the company; after pledging, his unencumbered shareholding stands at 9,89,73,483 shares (31.77%). Together with Persons Acting in Concert (PACs) — Sarita Jain, Priyanka Jain and K K Impex & Trading Private Limited — the total promoter group holding remains at 53.53% of the company. The disclosure was made via the company to BSE (Scrip Code 512025) on June 5, 2026, in compliance with SEBI takeover regulations. The pledged shares represent a meaningful portion of Ronak Jain's personal holding, indicating he is using his stake as collateral, likely to raise funds.
A pledge creation signals the promoter is borrowing against his shares; while the pledged portion (~6.42%) is modest, sharp falls in share price could trigger margin calls or invocation, which would be negative for shareholders. Investors should track any future disclosures on pledge invocation, release or further encumbrance.