The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shine Star Build Cap Pvt Ltd
AVG · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.2 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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AVG Logistics promoter Ms. Asha Gupta has pledged 6,00,000 equity shares, equal to 3.98% of the company's paid-up capital, to non-promoter NBFC Shine Star Build-Cap Pvt Ltd. The pledge was created on 9th December 2025 and disclosed under SEBI SAST Regulation 29(2). With this pledge, Shine Star Build-Cap's total encumbrance (pledge/lien) in AVG Logistics has risen from 30.19% to 34.17% of the share capital, though Shine Star Build-Cap itself is not part of the promoter group. AVG Logistics has a total equity base of 1,50,57,720 shares of Rs. 10 face value.
This is a fresh pledge creation by a promoter, which investors generally view with caution as pledging can indicate financial stress or leveraging. Encumbrance level for the pledgee stands at 34.17%, below the 50% concern threshold, but shareholders should watch for further pledging, invocation, or release events from the promoter group.