The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 25, 2026 for Deepak Kumar Singal
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Mr. Deepak Kumar Singal, Promoter of the company, has disclosed two pledge encumbrances on his shareholding. On 30th April 2026, he pledged 25,00,000 shares (5.37% of total capital) with Badjate Stock Broking Pvt Ltd for Rs. 5 crore, with security cover of 4.30x. On 13th May 2026, he created another pledge of 21,50,000 shares (4.62% of total capital) with Comfort Fincap Limited for Rs. 4 crore, with security cover of 4.20x. Both pledges are for the promoter's personal use. Total promoter holding is 3,00,80,786 shares representing 64.58% of share capital. The encumbered shares constitute 8.31% and 7.15% of promoter holding respectively. The filing was revised after BSE sought clarification on discrepancies.
The promoter has pledged a portion of his shares (totaling ~10% of capital) for personal borrowing, indicating leverage on his stake. While encumbrance levels are below regulatory thresholds (not above 50% of promoter holding or 20% of total capital), high pledge levels can signal risk if share prices fall sharply and lenders invoke pledged shares.