The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 05, 2026 for Ashish Subhash Dandekar
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Promoter Ashish Subhash Dandekar has filed a revised disclosure under SEBI SAST Regulations correcting an earlier filing. The original disclosure dated February 27, 2026 mistakenly named HDFC Bank Ltd as the pledgee; the revised version correctly identifies Ashika Credit Capital Limited as the entity. The disclosure pertains to the creation of a pledge on 18,00,000 equity shares (0.94% of total share capital) on February 24, 2026. The shares were pledged to facilitate borrowing by the company. Post this pledge, the promoter's encumbered holdings stand at 88,00,000 shares (4.58% of share capital), while his total holding remains 1,97,78,510 shares (10.30%).
This is a corrigendum correcting the name of the pledgee entity and does not change the underlying transaction. For shareholders, this means the promoter's pledged shares now total 4.58% of the company, raised to facilitate company-level borrowing. While the pledge level remains modest, investors may want to track any further pledging or invocation activity.