The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 16, 2025 for Jupiter ....
AXISCADES · price
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Jupiter Capital Private Limited, the promoter of Axiscades Technologies, has filed a revised disclosure under SEBI Takeover Regulations clarifying that JM Financial Credit Solutions Limited is the lender behind an existing pledge (with Catalyst Trusteeship Limited acting only as trustee). The underlying event is the creation of a pledge on 25 lakh additional shares on 10 September 2025. This raised Jupiter Capital's encumbered (pledged) shares from 7.15% (30.39 lakh shares) to 13.03% (55.39 lakh shares) of Axiscades' share capital. Total promoter holding remains at 58.08% (2.47 crore shares). The revision was made to correct an earlier omission of the lender's name.
Promoter holdings are unchanged but the pledged portion has nearly doubled, signalling that the promoter is raising debt against its shares, which is a moderate negative for shareholders as it indicates leveraged financing and reduced flexibility.