The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 27, 2026 for Diwakar Finvest Pvt Ltd
EMAMILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Diwakar Finvest Private Limited, part of the Emami promoter group, has disclosed the release of pledged shares under SEBI SAST Regulation 31(2). On March 24, 2026, 6,83,000 shares (0.16% of share capital) were released from pledge with Standard Chartered Capital Limited, followed by another 45,000 shares (0.01%) on March 25, 2026. The same releases were carried out for Suraj Finvest Pvt Ltd, another promoter group entity. As a result, Diwakar Finvest's encumbered holding fell from 6.42% to 6.25%, and Suraj Finvest's from 2.92% to 2.76%. The releases were made as per an agreement with the lender. Total promoter shareholding in the company remains unchanged — only the encumbrance on existing shares has been reduced.
This is a mildly positive signal for shareholders, as it shows the promoter group is actively reducing pledged shares with Standard Chartered Capital, lowering the risk of forced selling or invocation. No change in actual promoter ownership, so direct impact on stock price is limited.