The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 09, 2025 for Suraj Finvest Pvt Ltd
EMAMILTD · price
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Awaiting price reaction for this filing.
Suraj Finvest Private Limited, a promoter group entity of Emami Limited, released 1,50,000 pledged shares (0.03% of total share capital) on July 2, 2025, in favour of IndusInd Bank, as per an agreement with the lender. Prior to this release, Suraj Finvest held 10,56,30,326 shares (24.20%) in Emami, of which 59,01,992 shares (1.35%) were encumbered. Post-release, the encumbered holding stands reduced to 57,51,992 shares (1.32%). The disclosure was filed under Regulation 31(2) of SEBI (SAST) Regulations, 2011, and signed by Director Ashish Goenka on behalf of the promoter and persons acting in concert.
This is a routine, small pledge release (only 0.03% of equity) indicating the promoter is reducing encumbrance rather than facing any forced invocation. It is a positive signal for shareholders, as it eases the pledge burden, though the quantum is too small to materially impact the stock price.