The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 07, 2025 for Shiv Narayan Daga
DBSTOCKBRO · price
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Six promoters and persons acting in concert (PACs) of DB (International) Stock Brokers Ltd have created a pledge on their shares on May 5, 2025, and reported it to the exchanges on May 6, 2025. Together, they have pledged about 36.55 lakh shares, which is roughly 10.4% of the company's total share capital. Promoter Shiv Narayan Daga pledged 6.80 lakh shares (1.94%), while PACs including Sharda Daga, Shiv Narayan Daga HUF, Sheetal Periwal, Shikha Mundra, and Daga Commodities Pvt Ltd pledged between 1.25 lakh and 8.50 lakh shares each. Notably, the pledge has been created in favor of DB (International) Stock Brokers Limited itself, rather than an external lender. The combined promoter and PAC holding stands at about 41.16% of the company.
Since the shares are pledged to the company itself (not to a bank or external lender), the immediate financial risk to shareholders is lower than a typical third-party pledge. However, investors should monitor for any future invocation or release of this encumbrance, which could signal underlying financial stress within the promoter group.