The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 24, 2025 for Diwakar Finvest Pvt Ltd
EMAMILTD · price
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Diwakar Finvest Private Limited, part of Emami's promoter group holding 22.60% (9.86 crore shares), has filed a revised disclosure to correct a typographical error in its earlier February 3, 2025 filing. The original disclosure had the release date wrongly mentioned as 31.02.2025 instead of the correct 31.01.2025. The revised disclosure shows two events: a pledge creation of 2,70,000 shares (0.06%) in favour of Axis Finance Limited on 30.01.2025, and a release of 4,30,000 pledged shares (0.10%) from Axis Finance Limited on 31.01.2025. Net effect is a reduction in encumbered shares held by Diwakar Finvest, bringing post-event encumbered holding to 1,55,98,957 shares (3.57% of total share capital). No changes in promoter shareholdings or other promoter group encumbrances were reported.
This is essentially a correction of a clerical error and a routine pledge-release disclosure by a promoter entity, with no material change in ownership or encumbrance level. Shareholders are unlikely to see any meaningful impact on stock price from this filing.