The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 20, 2025 for Business Match Services ....
CENTRUM · price
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Awaiting price reaction for this filing.
Business Match Services (India) Private Limited, a promoter of Centrum Capital Ltd, has released a pledge on 1,97,75,250 equity shares (about 6.47% of total share capital). The release happened on August 20, 2025, because the underlying loan had matured. The shares were pledged in favor of Nidhi Castings and Alloys Private Limited. Before this release, the promoter held 13,44,99,041 shares (32.33% of Centrum Capital), of which 7,70,89,250 shares were encumbered. After the release, the encumbered portion reduces to 18.53% of total share capital.
This is a positive signal — the promoter no longer needs to back these shares with collateral, indicating reduced leverage and improved financial standing of the promoter group. It removes a potential overhang risk on the stock from forced sale of pledged shares.