The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 03, 2025 for Vijay Kachardas Vedmutha
BEDMUTHA · price
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Bedmutha Industries promoters have filed a disclosure about their pledged shares being shifted between Depository Participants. IL&FS Securities Services is shutting down as a Depository Participant from March 31, 2025, so Punjab National Bank closed the existing pledge on shares of three promoters — Kachardas Ratanchand Bedmutha (23.4 lakh shares, 7.26%), Vijay Kachardas Vedmutha (34.3 lakh shares, 10.62%), and Ajay Kachardas Vedmutha (34.8 lakh shares, 10.78%). These shares will be moved to a new DP and then re-pledged with PNB. The promoters have clearly stated that this should NOT be treated as an actual release of pledge — it is a procedural step to keep the pledge live. The total promoter and promoter group holding in the company is approximately 57%, which remains unchanged.
There is no real change in promoter ownership or in the encumbered (pledged) status of shares — the underlying loan and pledge arrangement with PNB continues. Shareholders should not read this as a pledge release, stake sale, or any reduction in promoter control.