The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 24, 2025 for Asha Gupta
AVG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AVG Logistics Limited's promoter Asha Gupta has pledged 29,10,000 equity shares (19.33% of total share capital) on July 22, 2025. The pledge represents 36.81% of her individual promoter shareholding. Shares have been pledged to Shine Star Build Cap Pvt Ltd (a scheduled commercial bank/NBFC) as collateral for a proposed term loan of Rs. 20 crore to be raised by the company. The value of pledged shares on the event date was Rs. 82.91 crore, giving a healthy security cover ratio of 4.15 times. The loan proceeds are intended for the company's working capital and capex requirements, with repayment scheduled within 15 months.
This is a routine disclosure about a new pledge creation, not a distress signal — the loan is for the company's own benefit (working capital and capex), the security cover is strong at 4.15x, and the pledged portion is well below regulatory thresholds (under 50% of promoter holding and under 20% of total capital). Shareholders should note higher encumbrance on promoter shares but the underlying purpose appears constructive for the company.