Disclosure under SEBI (SAST) Regulations 2011
Awaiting price reaction for this filing.
The company, formerly Abhishek Corporation Ltd, has filed its annual SEBI SAST compliance disclosure. It was sold as a going concern through NCLT liquidation (ordered Jan 25, 2024) to Mahaalaxmi Textile, with corporate actions like share cancellation, reduction, and consolidation still underway at RoC, exchanges, and depositories. The new promoter group — Late Anasaheb R. Mohite, Smt. Anjali A. Mohite, Mr. Abhishek A. Mohite, and Mr. Sanjay B. Patil — collectively holds 92,25,495 shares, equating to 57.64% of voting capital. Existing pledges on promoter shares have been disclosed, with no new encumbrances created during FY25. Data discrepancies are attributed to old promoter shares not yet being extinguished in depository records.
This is a routine regulatory compliance filing rather than a new corporate action. Shareholders should note the high promoter pledging, which signals leveraged promoter positions and could be a risk if share prices fall. Investors should monitor progress of pending corporate actions, as completion will clarify the true shareholding structure.