The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 04, 2025 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 24,00,000 equity shares (23.23% of total share capital) in favor of HDFC Bank Ltd on September 30, 2025. The pledged shares are valued at approximately Rs. 77.64 crore, against a loan amount of Rs. 30 crore. The borrowed funds will be used for working capital purposes of the listed company, with the amount to be renewed every year. Post-creation, encumbered shares stand at 32.2% of the promoter shareholding, which is below the 50% threshold. This is a fresh pledge creation and is not an invocation or release of an existing encumbrance.
The pledge is being created to raise funds for the listed company's working capital, which is a supportive use case. However, since nearly a quarter of the company's share capital is now encumbered, investors should monitor any risk of pledge invocation, which could affect promoter shareholding stability.