Pursuant to regulation 31(1) of SEBI (SAST) Regulation , 2011 we are enclosing herewith disclosure received from our Promoter, Mrs. Rachna Suman Shaw, regarding pledge of 5,40,000 equity ....
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Awaiting price reaction for this filing.
Mrs. Rachna Suman Shaw, a promoter and director of Dhruva Capital Services Ltd, has pledged 5,40,000 equity shares (13.29% of total share capital) in favour of HDFC Bank Limited on September 4, 2025. Her total promoter holding in the company stands at 10,80,400 shares, or 26.60% of total share capital, meaning the pledged portion is roughly 49.98% of her personal holding — just shy of the 50% threshold. The disclosure confirms the pledge is not 20% or more of total share capital and is not 50% or more of her promoter shareholding. Proceeds are being raised for personal use by the promoter. The company has filed this under SEBI (SAST) Regulation 31(1).
Routine pledge creation disclosure — the shares sit just below the 50% of promoter holding trigger, so no major red flag, but investors should watch for further pledges or any invocation by HDFC Bank, which could pressure the stock.