The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 14, 2025 for Rabindra Srikantan
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Rabindra Srikantan has created a pledge on 406,808 equity shares of ASM Technologies Ltd, dated June 30, 2025. This brings his total encumbered shares to 782,726, representing 6.65% of the company's total share capital. The pledge was created as collateral for a loan, with Beacon Trusteeship Limited acting as trustee and True North Credit Opportunities Fund-1 as the lender. The promoter continues to retain ownership of the shares; the pledge is merely a charge on them. This disclosure was filed under SEBI's SAST Regulations to maintain transparency on promoter encumbrances.
The pledge creation signals that the promoter is raising personal funds against his shareholding. While not a change in ownership, a growing encumbrance level (6.65% now) could be a concern if it leads to forced sale scenarios. Investors should monitor for any future invocation or release of this pledge.