The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 14, 2026 for Deepak Kumar Singal

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.7%1-day move

₹78.60

prior close

₹78.13

base price

In-mkt

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AI summary

Promoter Mr. Deepak Kumar Singal has created a new pledge on 2,150,000 equity shares (4.62% of total share capital) in favor of Comfort Fincap Limited. The pledge was created on 13 May 2026 for a borrowed amount of Rs 4 crore, with the shares valued at Rs 16.81 crore providing a security cover ratio of 4.20:1. The borrowed funds are for personal use by the promoter. After this creation, the total encumbered shares stand at 4,650,000 (15.46% of promoter holding of 30,080,786 shares at 64.58% of total capital). The disclosure confirms the encumbered shares are below both the 50% of promoter holding and 20% of total share capital thresholds.

Likely market impact

The pledge creation indicates the promoter has borrowed Rs 4 crore against shares, which may signal leverage or liquidity needs but does not by itself indicate any change in control or sale intent. The thresholds being below regulatory limits suggest no immediate takeover concern.