The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 25, 2025 for Murtuza Shaukatali Mewawala
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter and Director Murtuza Shaukatali Mewawala has released 3,38,751 pledged shares (1.48% of total share capital) that were held as collateral with Saraswat Co-operative Bank Ltd. The release event took place on 24 April 2025 and was reported on 30 April 2025, with the reason cited as release of collateral securities per a sanction advice dated 20 January 2025. After this release, only 50,000 shares (0.21% of capital) remain encumbered out of the promoter's total holding of 25,82,621 shares (11.33% of the company). This is a revised filing submitted to the BSE to correct earlier errors regarding the reason for encumbrance and the disclosure format under Regulation 31(1) and 31(2) of the SEBI Takeover Regulations.
This is a mildly positive signal — the promoter is freeing up shares from pledge, which reduces encumbrance risk. However, the size is small (1.48% of capital released) and the promoter's overall stake remains modest at around 11.33%, so material impact on the stock price is unlikely.