The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 02, 2025 for Diwakar Finvest Pvt Ltd
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Diwakar Finvest Private Limited (promoter holding 22.60%, holding 9.86 crore shares) created a pledge on 14.50 lakh shares (0.33% of capital) on May 28, 2025 in favour of HSBC InvestDirect Financial Services, taking its total encumbered holding to 2.54 crore shares (5.82%). Suraj Finvest Private Limited (promoter holding 24.22%, holding 10.57 crore shares) created a pledge on 8.80 lakh shares (0.20%) with Bajaj Finance on May 28, but on May 30 released 17 lakh shares (0.39%) from an existing pledge with DBS Bank/IDBI Trusteeship. After both events, Suraj Finvest's encumbered holding stands at 61.92 lakh shares (1.42%). Individual promoter family members including Sureka, Goenka, and Agarwal family entities showed no encumbrance activity in this disclosure.
These are routine financing actions by the promoter group — net encumbered position changes marginally and no shares were invoked. Shareholders need not worry as overall promoter stake and pledged portion remain well below concerning thresholds.