The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 22, 2026 for Diwakar Finvest Pvt Ltd
EMAMILTD · price
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Diwakar Finvest Private Limited, a promoter entity of Emami Ltd, has disclosed release of pledged shares across three dates in April 2026. On April 15, 6,000 shares were released to Axis Finance Limited; on April 16, 6,00,000 shares were released to Bajaj Finance Limited; and on April 22, 12,00,000 shares were released to Bajaj Finance Limited. In total, 18,06,000 shares were released from pledge. Diwakar Finvest's encumbered shareholding reduced from 2,72,95,014 shares (6.25%) to 2,54,89,014 shares (5.84%) as a result. The releases were made as per agreement with the lenders. Diwakar Finvest holds 9,87,94,786 shares representing 22.63% of Emami's total share capital.
The release of pledged shares reduces the promoter group's encumbered holding, which is a positive signal indicating improved financial flexibility and reduced debt-related risk on the promoter stake. This removes uncertainty around potential share invocation.