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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Shine Star Build-Cap Pvt Ltd, which is not part of the promoter/promoter group, has pledged 9,67,157 equity shares of AVG Logistics Ltd on 5 December 2025. This represents 6.42% of the company's paid-up capital (face value Rs. 10 per share; total capital 1,50,57,720 shares). As a result, the entity's total encumbered holding in AVG Logistics rose from 23.76% (35,78,298 shares) to 30.19% (45,45,455 shares). Ms. Asha Gupta, identified as a Promoter, is referenced in connection with this encumbrance transaction. The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a fresh pledge creation, not a sale or invocation, so beneficial ownership of AVG Logistics does not change. Shareholders should monitor whether this rising encumbrance level (now 30.19%) signals any funding stress for the pledgor, even though the pledgor is not part of the promoter group.