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 Hasanain Shaukatali ....
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Awaiting price reaction for this filing.
Promoter Hasanain Shaukatali Mewawala of Expo Gas Containers Limited has filed a revised disclosure under SEBI's SAST Regulations regarding the creation of a pledge on 50,000 shares (0.22% of total share capital) on March 27, 2025. The pledge was created in favour of Saraswat Co-operative Bank Ltd as security for a cash/credit facility and bank guarantee. The promoter holds 21,12,334 shares (9.27%) in the company, of which 50,000 shares are now encumbered. The disclosure was revised after the stock exchange pointed out discrepancies in the original filing — specifically, the reason for encumbrance was missing and the format did not match the SEBI-prescribed template (effective August 5, 2015).
This is a minor disclosure correction rather than a material event — only 0.22% of shares have been pledged, which is a negligible portion of the promoter's 9.27% holding. Shareholders are unlikely to see any meaningful impact on the stock from this filing, as pledge creation for routine bank financing is common and the amount is small.