The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 19, 2026 for Vishnuvardhan
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Awaiting price reaction for this filing.
Promoter Vishnuvardhan has created a pledge on 11,810 shares (0.09% of total share capital) on February 17, 2026, in favour of SBICAP Trustee Limited. The shares were pledged as security for a Rs. 19 crore term loan availed by the company's wholly-owned subsidiary, Constronics Energy Solution Private Limited, from the State Bank of India. The total promoter holding of Vishnuvardhan stands at 13,31,558 shares, representing 10.38% of the company's share capital. The value of the encumbered shares on the date of the event was Rs. 6,92,538, indicating a very thin security cover of about 0.003x against the loan amount.
The pledge is tiny (0.09% of capital) and the borrowing is for the company's own subsidiary, so direct shareholder impact is limited. However, the promoter's overall holding is only 10.38% — already low — and the very low share cover against the Rs. 19 crore debt is a mild red flag worth monitoring.