The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 16, 2025 for Sharda Todi
GENUSPOWER · price
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Awaiting price reaction for this filing.
Promoter Sharda Todi has created a pledge on 16,00,000 equity shares (0.52% of diluted share capital) of Genus Power Infrastructures, with Tata Capital as the lender, for use as collateral for loans. The event occurred on 11 July 2025 and was reported to the exchanges on 14 July 2025 under SEBI's Takeover Regulations. Post this pledge, Sharda Todi's total encumbered holding stands at 16,00,000 shares. The disclosure table also shows that across the promoter group, 7,66,31,509 shares are encumbered under a Non-Disposal Undertaking from a July 2023 agreement, and an additional 48,00,000 shares are pledged by promoters.
The individual pledge is small (just 0.52% of capital) and unlikely to move the stock, but it adds to the promoter's already encumbered shares, which investors should monitor as a sign of funding needs or financial leverage within the promoter group.