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 Limited, has created a pledge on 24,00,000 shares (23.23% of total share capital) in favor of HDFC Bank Ltd on September 30, 2025. The pledged shares are valued at Rs. 77.64 crore against a loan amount of Rs. 30 crore, giving a security cover ratio of 1.0x. The encumbrance represents 32.2% of the promoter's shareholding, which is below the 50% threshold. The end use of the borrowed funds is for the listed company's working capital needs, with the amount to be renewed every year. Total promoter group holdings remain above 70% of the company, with no shares bought or sold in this transaction.
The promoter group is raising working capital for the company by pledging their shares, which is a normal funding activity. However, with nearly a quarter of the company's total share capital now encumbered, shareholders should keep an eye on the loan servicing to avoid any risk of invocation.