Submission of declaration dated 08.04.2025 received from the promoter of the Company under Regulation 31(4) of SEBI (SAST) Regulations, 2011 for the year ended 31.03.2025
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Challani Capital Ltd's promoter Saravana Global Holdings Limited has disclosed pledging 60,01,300 equity shares (face value Rs. 10 each) of the company to another promoter, Mrs. Shobha Padam Challani, on 9th December 2024. The pledge was created to secure a loan taken by Saravana Global Holdings from Mrs. Challani, with no consideration flowing between the two promoters. The promoter group confirmed that no other encumbrances were created on their shares in Challani Capital during the financial year ended 31st March 2025. The disclosure was submitted to BSE on 28th May 2025 following a reminder from the exchange dated 19th May 2025.
This is a routine SEBI compliance disclosure and is unlikely to move the stock price. However, investors should note that a significant block of promoter shares (60 lakh shares) is pledged, though the arrangement is between related promoter entities rather than with an external lender.