The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 08, 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 shares (23.23% of total share capital) in favour of HDFC Bank Ltd on September 30, 2025. The pledge is to secure a Rs. 30 crore credit facility for the working capital needs of the listed company. This is a revised disclosure filed on October 8, 2025 to correct earlier discrepancies regarding missing reasons and incorrect format. The promoter group holds 74,54,480 shares (72.16% of total share capital) in B-Right Realestate, and with this pledge, 32.2% of their promoter holding is now encumbered. The encumbrance crosses the 20% of total share capital threshold, triggering detailed disclosure requirements under SEBI SAST rules.
The pledge is being used to raise working capital for the company itself, so this is an operational funding action rather than a distress signal. However, 23.23% of total share capital is now pledged, which increases the encumbrance load on promoter holdings and could become a concern if the company faces repayment difficulties.