The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on June ....

Pledge Above 50pctOwnership Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹27.63

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 198sector+0.5%+0.8% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 0.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3-0.1+1.4+0.5+0.8

Next day

+1.3+1.3+0.0+0.8+0.5

+8.4+2.1+6.3+1.2+7.2

+1.9+2.5-0.6+1.3+0.5

-0.1+1.0-1.1+0.5-0.6

-3.5+0.6-4.2+0.5-4.0

+0.8-0.1+0.8-0.3+1.0

15d

+1.0+1.3-0.3+1.1-0.2

+4.6+2.1+2.5-0.6+5.2

-3.0-1.4-1.5-4.1+1.1

-1.5-0.1-1.4-3.6+2.1

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 198Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter Saravana Global Holdings Limited has disclosed creation of a pledge on 60,01,300 shares (40.01% of total share capital) of Challani Capital Ltd, dated 19 December 2024, but reported only on 4 June 2025 after BSE raised objections. The pledged shares represent 53.36% of the promoter's own shareholding in the company (74.97% promoter holding). The pledge is in favour of Shobha Padam Challani, an individual from the promoter group, for a loan amount of Rs. 10 crore, against a share value of Rs. 19.64 crore. The reason for the pledge is stated as personal use by promoters and PACs. The original disclosure had procedural lapses – the transaction was wrongly recorded as a share transfer instead of a pledge, leading to a delayed and revised filing.

Likely market impact

The pledge covers over half of the promoter's stake, which is a significant negative signal — if invoked, it could lead to a change in promoter control. Retail investors should monitor any further encumbrance or invocation disclosures closely.