The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 29, 2025 for V G Siddhartha
COFFEEDAY · price
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Coffee Day Enterprises Ltd has disclosed a release of pledged promoter shares under SEBI SAST Regulation 31(1) and 31(2). A total of around 46.2 lakh shares (about 2.19% of share capital) were released from pledge. V.G. Siddhartha's holdings saw 5.75 lakh shares released (3.75 lakh from HDFC Bank pledge and 2 lakh from Gonibedu Coffee Estates), while Coffeeday Consolidations Pvt Ltd released about 44.2 lakh shares (2.09%). The disclosure was filed by Malavika Hegde, spouse of the late founder, on July 29, 2025, and the event is dated July 10, 2025. The release is linked to borrowings availed by group companies of Coffee Day Enterprises.
Pledge releases are generally positive for shareholders as they reduce the risk of forced share sales and signal debt repayment or restructuring by group entities. Total promoter encumbrance has come down meaningfully, easing overhang concerns on the stock.