The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 25, 2026 for Malani Ventures Pvt Ltd
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Malani Ventures Private Limited, part of the promoter group of B-Right Realestate Ltd, has created a pledge on 7,70,000 equity shares (7.45% of total share capital) in favor of HDFC Bank Ltd. The pledge was created on March 24, 2026, and the disclosure was filed with BSE on March 25, 2026. The reason stated is working capital requirement. After this creation, Malani Ventures has 24,00,000 shares (23.23% of total share capital) encumbered out of its total holding of 25,27,200 shares (24.46%). The other promoter group entities (Blow Sales LLP and Cheerful Dealtrade LLP) hold 24.35% each, with no encumbrance disclosed by them in this filing.
Pledging promoter shares provides liquidity for working capital but increases the risk of forced selling by the lender if the promoter defaults. Investors should track the promoter group's overall encumbrance level and watch for any margin calls or invocation events, as a high pledged percentage can put downward pressure on the stock.