The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 09, 2026 for Western Press Pvt Ltd
FOODSIN · price
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Western Press Private Limited, a promoter of Foods & Inns Ltd, has released (de-pledged) 25,00,000 shares, which is 3.41% of the company's total share capital. These shares were previously pledged with Tata Capital Limited as collateral for a loan. The release was effective on March 6, 2026, and the disclosure was filed on March 9, 2026. After this release, the promoter's total holding remains at 34,13,500 shares (4.65%), of which only 9,00,000 shares (1.23%) remain encumbered, down from 34,00,000 shares (4.64%) earlier. The transaction was for the purpose of a loan.
This is a positive development for shareholders as it reduces the promoter's pledged share exposure from 4.64% to 1.23%, signaling either loan repayment or improved financial flexibility. Lower pledged shares typically ease concerns about forced selling risk and reflect better promoter financial health.