Pursuant to Reg 31(1) of SEBI(SAST) Reg, 2011, we are enclosing herewith disclosure received from our Promoter, Mrs. Rachna Suman Shaw, regarding pledge of 5,40,000 equity shares of the ....
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Promoter and Director Mrs. Rachna Suman Shaw has pledged 5,40,000 equity shares (13.29% of total share capital) of Dhruva Capital Services in favour of HDFC Bank Limited on 25th September 2025. This represents 49.98% of her personal promoter holding, which stands at 10,80,400 shares or 26.60% of the company's total share capital. The pledged shares fall just below the 50% threshold of her promoter shareholding, and the borrowed amount is intended for personal use by the promoter. The disclosure has been filed under SEBI (SAST) Regulations, 2011.
A pledge creation for personal use is generally viewed cautiously by investors as it signals the promoter may be facing liquidity needs. Since the pledge is just under the 50% threshold of her holdings and represents only 13.29% of the company, the immediate risk is moderate, but shareholders should monitor whether additional shares get pledged or any invocation occurs.