The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suchit Punnose
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Promoter Suchit Punnose has filed a revised disclosure under SEBI SAST Regulations with BSE. The disclosure details a creation of pledge on 11,28,219 equity shares (2.19% of the company's total share capital of 5,15,07,235 shares) on August 4, 2025. Prior to the pledge, these shares were held as free shares carrying voting rights; after the pledge, they are reflected as encumbered shares, while the total holding remains unchanged at 2.19%. No shares were actually bought or sold — the promoter's beneficial ownership stays the same, but the shares now carry an encumbrance.
This is a creation of a pledge, not a sale or purchase, so there is no direct change in promoter ownership or voting power. However, shareholders should monitor this as pledged shares carry the risk of invocation (forced sale) if the promoter defaults on the underlying loan, which could increase supply pressure on the stock.