The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 28, 2025 for Robust Marketing Services Pvt Ltd
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Robust Marketing Services Pvt Ltd (a promoter entity) has disclosed creation of pledge over 28,00,000 equity shares of Deepak Fertilisers & Petrochemicals Corporation Ltd, representing 2.218% of total paid-up share capital. This was done in two tranches: 20,00,000 shares (1.584%) pledged with Bajaj Finance Ltd on April 16, 2025, and 8,00,000 shares (0.634%) pledged with Tata Capital Ltd on April 23, 2025. The pledged shares are valued at roughly ₹354 crore and serve as security for loans of ₹200 crore and ₹100 crore respectively, availed by SCM Growth LLP to subscribe to Compulsorily Convertible Debentures (CCDs) issued by Deepak Mining Solutions Ltd, a 100% subsidiary of DFPCL. The encumbered shares constitute 4.861% of promoter shareholding, well below the 50% threshold. Total promoter group holding stands at 5,75,98,775 shares or 45.63% of the company.
This is a pledge creation (not a sale or invocation), and the borrowed funds will indirectly benefit the listed company by funding its subsidiary's capital needs, which is a constructive use. However, shareholders should monitor the pledged portion (4.86% of promoter holding) as a risk indicator. The promoter group holding is already below 50% at 45.63%, leaving the company somewhat exposed to creeping acquisition activity.