The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 22, 2025 for Asha Gupta
AVG · price
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Asha Gupta, a promoter of AVG Logistics Limited, has disclosed the creation of a pledge on 6,68,298 equity shares, which equals 4.44% of the company's total share capital, on August 19, 2025. The shares have been pledged with Shine Star Build Cap Pvt. Ltd. as collateral to help the company obtain a proposed term loan of Rs. 20 crore. Before this pledge, Asha Gupta already had 29,10,000 shares (19.33%) encumbered, and after this transaction, her total encumbered shares rise to 35,78,298 (23.76% of share capital). Her overall promoter holding remains unchanged at 54,82,500 shares or 36.41% of AVG Logistics.
The pledge signals that the promoter is offering personal shares as security to facilitate a Rs. 20 crore term loan for the company, which may indicate the company's need for external financing. Higher encumbrance on promoter shares adds financial risk and could be viewed as a cautious signal by investors.