The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 29, 2025 for B. Deepak Reddy
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Promoter and Chairman & Managing Director B. Deepak Reddy has released a pledge on 2,10,000 shares, equal to 1.75% of the company's total share capital. The release took place on December 5, 2024, and the reason cited is repayment of a loan, meaning the entire previously pledged stake has been freed from encumbrance. B. Deepak Reddy continues to hold 47,25,000 shares (39.38% of total share capital) in the company. This is a revised disclosure filed with BSE on March 29, 2025, in response to the exchange seeking further details on the original encumbrance disclosure.
Positive signal for shareholders — the full release of pledged shares indicates the promoter has cleared the underlying loan obligation, reducing pledge-related risk and improving transparency on the promoter's encumbered holdings.