The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 17, 2025 for Bipinbhai Vithalbhai Hadvani
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Promoter Bipinbhai Vithalbhai Hadvani has created a pledge on 47,00,000 equity shares (3.77% of total share capital) of Gopal Snacks Ltd in favour of Tata Capital Limited. The pledge was created on December 16, 2025, to avail a personal loan. After this transaction, his total encumbered (pledged) shares stand at 1,05,00,000 shares, equivalent to 8.42% of the company's share capital, up from 58,00,000 shares (4.65%) held as pledge earlier. The disclosure was filed with BSE and NSE on December 17, 2025, under Regulation 31(1) and 31(2) of SEBI's SAST Regulations, 2011.
The pledge is for personal borrowing and not linked to company operations. While the promoter's pledged stake has nearly doubled, the overall encumbrance level at 8.42% remains moderate and should not be a concern unless further pledges are created or any invocation occurs, which could create pressure on the stock.