The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 10, 2025 for Sanyam Jain
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Promoter Sanyam Jain of Beryl Securities Ltd submitted a revised disclosure under SEBI SAST Regulations, correcting a typographical error in an earlier filing. The event is a release of pledge on 166,750 shares (3.43% of total share capital) originally pledged with M/s Hindon Mercantile Limited as security for financial assistance. The pledge release took place on September 5, 2025. After this release, the promoter's post-event encumbered shareholding stands at zero. Sanyam Jain continues to hold 734,563 shares (15.15% of the company) as a promoter, but none of these are now pledged.
This is a corrective filing rather than a new event — the pledge had already been released, and the promoter has zero encumbered shares now. Shareholders should note that the promoter's stake is no longer pledged, which removes a potential risk of forced sale, but there is no material change in ownership or the stock price expected from this clarification.