The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 05, 2026 for Vishnuvardhan
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Promoter Vishnuvardhan has disclosed creation of a pledge on his entire shareholding in Constronics Infra Ltd, totalling 13,31,558 shares (10.38% of total share capital). The encumbrance was created in two tranches — 11,810 shares on February 17, 2026 and 13,19,748 shares on March 02, 2026 — with SBICAP Trustee Company Limited as the pledgee. The pledge serves as security for a term loan of Rs. 19 crore availed by the company's wholly-owned subsidiary, Constronics Energy Solution Private Limited, from the State Bank of India. As a result, 100% of the promoter's holding is now encumbered, with the pledged shares valued at approximately Rs. 6.33 crore against the loan amount of Rs. 19 crore.
With 100% of the promoter's stake pledged, this is a notable red flag for retail investors, signalling significant leveraging and limited promoter flexibility. However, the loan is being used to fund the company's own subsidiary rather than personal use, which provides some reassurance about the purpose of the pledge.