The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 03, 2026 for Gaspoint Petroleum India Ltd
CONFIPET · price
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Confidence Petroleum India Ltd has informed the exchanges about a disclosure received from Gaspoint Petroleum India Ltd, part of the promoter group, regarding the creation of a pledge on 2,61,00,000 equity shares (about 7.86% of total share capital). The pledge has been created in favour of Shine Star Build Cap Pvt Ltd, and the stated reason is 'working capital requirement.' After this event, Gaspoint's total encumbered holding rises to roughly 8.73% of the company's share capital. The filing is made under Regulation 31 of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which governs disclosures for encumbrance of promoter/promoter group shares.
A new pledge of 7.86% of the company's equity by a promoter group entity — for working capital — slightly raises encumbrance levels on promoter holdings but does not change ownership. Shareholders should watch for any subsequent invocation, release, or further pledging, which could become price-sensitive if promoters face liquidity stress.