The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 04, 2026 for Deepak Kumar Singal
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Mr. Deepak Kumar Singal, a promoter of Deepak Builders & Engineers India Limited, has created a pledge on 2,500,000 equity shares representing 5.37% of the total share capital. The pledge was created in favour of Badjate Stock Broking Pvt Ltd on 30 April 2026. The total promoter holding stands at 30,080,786 shares (64.58% of total capital), of which 2,500,000 shares (8.31% of promoter holding) are now encumbered. The security value of shares is ₹21.495 crore with an amount involved of ₹5 crore and an asset cover ratio of 4.30:1. The stated end use of the borrowed amount is personal use by the promoter. Neither the encumbered shares exceed 50% of promoter holding nor 20% of total share capital.
The pledge creation indicates the promoter has leveraged shares for personal borrowing. At 8.31% of promoter holding, the encumbrance level is modest and unlikely to raise immediate concerns. However, retail investors should monitor future disclosures for any increase in pledge levels or changes in promoter holding.