The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 04, 2025 for Himanshu Kanakia (as ....
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Himanshu Kanakia, acting as trustee of Vrutant Benefit Trust (a promoter group entity), has disclosed the release of 4,69,000 equity shares (about 1.37% of share capital) that were previously pledged with Sunil Bhagwatlal Dala. The release happened on June 2, 2025 and was reported to the exchanges on June 4, 2025. After this release, the promoter group's encumbered (pledged) holdings drop from 29,56,500 shares (8.63%) to 24,87,500 shares (7.26%). Total promoter holding stands at 30,68,800 shares or 8.96% of the company.
This is a positive signal for shareholders — a reduction in pledged shares lowers the risk of forced selling and shows the promoter is freeing up shares, which is generally viewed favorably by the market.