The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 27, 2026 for Ashish Subhash Dandekar
CAMLINFINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Ashish Subhash Dandekar, who holds 1.97 crore shares (10.30% of Camlin Fine Sciences), has created two new pledges on his shares within a week. On March 20, 2026, he pledged 6.25 lakh shares (0.33%) with LRSD Securities, and on March 25, 2026, he pledged an additional 7 lakh shares (0.36%) with Aditya Birla Capital. Both are described as additional margin pledges to cover shortfalls in security cover against loans — the first for financial assistance taken by the company itself, and the second for a loan taken to acquire Camlin Fine Sciences shares. After these two events, his total encumbered shares stand at 1.46 crore, which is 7.62% of total share capital and 74.07% of his own promoter holding. The pledged shares are worth roughly Rs. 7.4 crore and Rs. 7.9 crore respectively at the date of each event.
Shareholders should note that over 70% of the promoter's personal stake is now pledged, indicating heightened financial leverage and a potential risk if share prices fall further or if lenders invoke the pledge. The fact that the second pledge was taken to fund acquisition of the company's own shares may raise concerns about the promoter's financial flexibility.