Dharani Sugars & Chemicals Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals has filed its annual disclosure under SEBI's Takeover Regulations confirming that no new encumbrances (pledges) were created on promoter group shares during FY26. Promoters collectively hold 2.04 crore shares, or 61.55% of paid-up capital, of which 1.10 crore shares (53.98% of promoter holding) remain pledged from earlier years. Key promoter Dr Palani G Periasamy has 100% of his 27.39 lakh shares pledged, while entities like Dharani Credit & Finance and Ananthi Developers have also pledged 100% of their holdings. The disclosure is a routine annual compliance filing and not a new pledging event.
With over half of the promoter holding already pledged, any adverse market move or lender action could trigger margin calls or even invocation, posing a risk to share price stability and promoter control. Investors should monitor for any future changes in pledge status or invocation notices.